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Comment on Microsoft laying off about 6,000 people, or 3% of its workforce

FreedomAdvocate@lemmy.net.au ⁨20⁩ ⁨hours⁩ ago

Yeah but mainly because of how insanely good it was for the 3 years before that. Covid pumped insane amounts of money into tech, which in turn lead to hiring WAY more people than were actually needed. This is just the correction of that, getting back to sustainable levels.

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morrowind@lemmy.ml ⁨14⁩ ⁨hours⁩ ago
That correction ended two years ago. This is larger and longer.

There’s interest rates, section 174, AI, and heaven knows what else.

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Wooki@lemmy.world ⁨18⁩ ⁨hours⁩ ago
No, this is a correction after the CEO made very poor investments into an LLM company run by a crypto grifter

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- FreedomAdvocate@lemmy.net.au ⁨10⁩ ⁨hours⁩ ago
  Are you sure about that?
  
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  - jenesaisquoi@feddit.org ⁨8⁩ ⁨hours⁩ ago
    The stock reflects peoples beliefs, not facts
    
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    FreedomAdvocate@lemmy.net.au ⁨5⁩ ⁨hours⁩ ago
    And if people’s beliefs are that their AI deals are good, prices will go up. That’s ROI baby!
    
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