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209 points htrp | 1 comments | | HN request time: 0s | source
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idkwhattocallme ◴[] No.44444622[source]
For the most part, I'm indifferent to layoffs. Companies over hire and then course correct. It's part of the game. But for MSFT, it rubs me the wrong way. In the past 5 years, their stock has soared (150% on stock and doubled in valuation). They are insanely profitable ($82B profit). They are diverse (no existential business risk). The fact that they are unceremoniously laying off 30K of the people that helped them get there drives home it's just a paycheck, do your job, but know it can and will end when convenient for the company. I know folks will argue, low performers, but really. This "productivity apps" company hired them, onboarded them, made $82B in profit, surely they can figure out how to uplevel folks. Also how do you have a layoff every couple of months for 3 years. Thinking about the middle class in the previous generation, it was unions that effectively ensured a labor job meant a secure future. I wonder if that's the solution (again).
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bitbasher ◴[] No.44445743[source]
I'm indifferent to layoffs. I dislike layoffs these days because it directly fuels the "AI is replacing our jobs" brainrot and then fuels the "AI is the future" hype train.

It's not impossible for this to be Microsoft's way to keep the AI flywheel spinning.

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justin66 ◴[] No.44447000[source]
I think we can all agree that the real damage caused by layoffs is their effect on the publicity surrounding AI, not their effect on humans and their well being.
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1. bitbasher ◴[] No.44450620[source]
Correct, people can get new jobs. We are all forced to live through this AI hype for the next decade.