Submitted 3 weeks ago by BrikoX@lemmy.zip to technology@lemmy.zip
Microsoft drew a profit of $27.2 billion in the last quarter of FY25, driven by demand for the cloud and AI. Overall, it recorded profits of over a hundred billion dollars in the entire fiscal year.
"Now that we threw all the supplies overboard, we're going a lot faster now."
The delusional motto private equity lives by.
I mean the private equity people get rich. It works for them. Sure, the hospitals / software companies / investors / employees / customers all suffer, but fuck 'em.
I don’t think Microsoft is owned by private equity
And they tell me Microsoft will suffer because I pirated their software
Actually these days, windows is free because what Microsoft wants is your user data. And unless you stop that from being sent to Microsoft, you are generating profit for them every time you use your computer.
If windows is free why are they still selling windows licenses. you might a free upgrade between 10/11. But windows is not free.
because what Microsoft wants is your user data
yup. adverts all over windows 11, edge and now AI garbage pushed onto hapless users… it’s a complete shitshow.
If it weren't for you, they could do 27,20000000001 USD! Shame on you!
I think it is silly to “support” large for profit companies
Buy something if you like product.
Thar be bilge ordure
Stolen value.
How would one working at said company who wants to work NOT get laid off? Is it simply luck, or does one need to manually suck every dick that exists in the company to remain an employee? Like, what's the point of ever doing a competent job if they plan to cut you anyways?
Large companies like Microsoft tend to have very high competition. The trade off is that if you can do well the pay is going to be very well.
No, no.
The vast, vast majority of MSFT ‘employees’ are contractors, V dashes, A dashes, etc, who functionally keep working different MSFT contracts over and over again, but get paid far less than actual salaried, proper employees with stock options.
MSFT will string along these contractors along with what you are saying ‘do well and we’ll hire you and pay the big bucks’, and in reality this basically never happens.
This institutional, pathological reliance on contractors over traditional employees is a huge reason why MSFT’s work culture is so toxic, why MSFT’s management is so incompetent, and why their products seems more and more like a bunch layers of inefficient and buggy spaghetti code worked on by hundreds of random people with no core design principles.
Because they are.
Be important or key. If not, you are fair game.
How would one working at said company who wants to work NOT get laid off?
To get a sense of proportions…
www.macrotrends.net/stocks/…/number-of-employees
So they’ve added 100 000 people in about 10 years and are now laying of 9000.
Probably by a combination of 1) not being incredibly incompetent / toxic and 2) not being unlucky enough to be one of the very very few that are doing something management thinks is not needed.
we should introduce a digital service tax for tech giants that want to enter the EU single market. Fuck greedy capitalists.
Here in Canada we just canceled our digital services tax to please Trump.
Now he’s making more demands, so it was well worth it.
Then they lay off more employees soon!!
another layoff
then another press release on how high the profits are!
I’m getting the same vibes as when I spike taxes in Sim City for Palm OS just before the year rolls over and then drop it back after.
for Palm OS
A coyote of culture I see
Sadly not very well preserved in terms of emulation
“demand”
So what is that like 3 million per lay off?
In the same light, they’ve applied for 14k H1B visas.
Does anyone know why they played off that many?
It seems like a weird move
Up til about ten years ago, doing mass layoffs was seen as a sign of company in trouble; it scared shareholders and it made talent less likely to apply to your company.
Then enough of them did it often enough that the stigma fell away and it became a thing you did to get rid of underperformers, scare people into working harder, and separate the wheat from the chaff. Now it’s so commonplace that I’ve heard execs talk about it like it’s just what you’re supposed to do as part of good governance.
Up til about ten years ago, doing mass layoffs was seen as a sign of company in trouble; it scared shareholders and it made talent less likely to apply to your company.
really good point.
Short term gains.
They think they can treat people like shit and then just re-hire when they need then again.
I hope people learn not to trust them, customers and employees alike
from a gamedev perspective - they overinvested in studios, which are only pumping major returns into their coffers, but not anticipated AI returns so, cut the teams. and cut the teams some more.
then cut the teams a bit more. 9000 layoffs ya know.
well, maybe, then hire a bunch because maybe you cut too far?
nah, cut some more. oblivion remastered only made an absolute shitton.
it’s a move that’s making any dev looking to work with MS/Xbox really wary because it seems that they want their IP a lot more than their studios.
They massively over-hired and over-acquired during covid. Demand spiked and they started poaching every studio and developer they could find. These layoffs were likely always the plan for when demand dropped again, and when they needed to streamline and consolidate the studios they purchased.
The layoffs happened just recently, this profit has nothing to do with them. We’ll see in the next few quarters what the effect of these layoffs will be.
You’re right, but it’s a shame they’re throwing downvotes.
So it’s BAU for M$.
ileftreddit@piefed.social 3 weeks ago
$1.8 billion would have paid all 9000 people 200k for a year. 27 billion profit for one quarter.
socialsecurity@piefed.social 3 weeks ago
This is what winning looks like and most people are just hostage
possiblylinux127@lemmy.zip 3 weeks ago
It is almost like it is a for profit company or something
It isn’t a charity. The goal is to bring in money for the investors, nothing else.
mojofrododojo@lemmy.world 3 weeks ago
do enough bad business and it’ll whip right around and effect those profits. watch.
JasSmith@sh.itjust.works 3 weeks ago
-10 downvotes for stating a fact.
vga@sopuli.xyz 3 weeks ago
This highlights a fundamental misunderstanding on how companies are supposed to operate.
skisnow@lemmy.ca 3 weeks ago
This comment highlights a fundamental misunderstanding on how society should tolerate companies operating.