this post was submitted on 25 Oct 2024
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2024 has seen two mass layoffs at Microsoft, with 1900 staff laid off in January, before a further 650 Xbox employees were shown the door in September.

Regardless, Microsoft's shares are up and the company's market value is now higher than $3tn, as it works to capitalise on the rise of AI.

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[โ€“] FlashMobOfOne@lemmy.world 97 points 4 weeks ago (14 children)

When I entered the work force in 2005, it was with a company that had never had a layoff in its thirty-year history.

Then, in 2009, they had their first layoff, and I learned later our CEO had taken an 80% pay raise that year.

Taxes aren't theft. Literally firing people and taking their salaries is theft.

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