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Microsoft lays off 1,900 Activision Blizzard and Xbox employees
(www.theverge.com)
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this post was submitted on 25 Jan 2024
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Similar to 2008 but the 1% found out a way to keep their wealth intact while still fucking everyone else over.
In 2008, those responsible got the rest of us to bail them out and give billions in bonuses.
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.
Corporate can't see the difference