this post was submitted on 25 Jan 2024
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Microsoft lays off 1,900 Activision Blizzard and Xbox employees (www.theverge.com)
submitted 10 months ago by throws_lemy@lemmy.nz to c/technology@lemmy.world
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[–] Ghostalmedia@lemmy.world 14 points 10 months ago (1 children)

Yeah, it’s brutal out there right now. Reminds me of 2008 or 2000.

[–] sheogorath@lemmy.world 14 points 10 months ago (3 children)

Similar to 2008 but the 1% found out a way to keep their wealth intact while still fucking everyone else over.

[–] chiliedogg@lemmy.world 11 points 10 months ago

In 2008, those responsible got the rest of us to bail them out and give billions in bonuses.

[–] Ghostalmedia@lemmy.world 3 points 10 months ago

There should be some sort of law that hits exec’s options, RSUs and bonuses if their financial for a business division aren’t total trash. Example, eBay, which grew and still laid people off.

That said, this one I kind of get. Mergers and acquisitions create literal redundancies. You end up with duplicates of people and departments.

[–] trolololol@lemmy.world 1 points 10 months ago

Corporate can't see the difference