Comment on After laying off 9,000 employees , Microsoft records $27.2 billion profit in latest quarter
possiblylinux127@lemmy.zip 3 weeks agoI don’t think Microsoft is owned by private equity
Comment on After laying off 9,000 employees , Microsoft records $27.2 billion profit in latest quarter
possiblylinux127@lemmy.zip 3 weeks agoI don’t think Microsoft is owned by private equity
mojofrododojo@lemmy.world 3 weeks ago
in a way… private equity blocks of institutional investment represent a huge chunk of outstanding shares.
and one of the cruel aspects of all this: so many of those devs were drawn to work for MS subsidiaries - or their companies were drawn to sell to MS - because of stock options. Stock options which - for the vast majority of those devs - will never vest, and they’ll be shitcanned, and their shares will go back to the mothership.
Stock options are a huge component when people are negotiating and studios are selling out, but only the top tier executives will ever get good shares vested in a sane timeline. The rest get it dangled to keep them onboard, then yanked because of a mythical need to cut costs when profits are through the roof.