" its a business " is probably the worst reason ever for kicking someone onto the street. Especially when your business is highly profitable and healthy.
Yeh if you actually losing money each quarter or year, or ever .. in MS's case, it would make sense. But when your highly profitable. No reason anyone should have to be kicked to the curb just to pad your bottom line.
Dipshit McGoo, a.k.a. Stephen Elop leaves Microsoft to become CEO of Nokia. Commits Nokia to make phones only with MS's OS, destroys Nokia.
Several months later, MS conveniently buys Nokia.
Microsoft's competitors are Apple and Google and not Sony.
Ha... Im sure the view up there on your moral high horse is nice but a business doesn't keep assets that are no longer useful. The people being cut are not profitable for the company. A decent analogy would be a car manufacture continuing to put cassette tape readers in there car this year. The company is still going to make money off the sale of the car but the cassette player costs them money to put in each car and customers don't care about it/ may even actively dislike it.
Its unfortunate that people are losing their jobs sure, but expecting a company to keep a non profitable branch of people is a bit absurd.
This is sad but it is how the industry works.Mean while....
In other news. Microsoft stock hits a 14 year high today.
Corporations exists to produce wealth for their shareholders... exactly why the state and the public must stay vigilant and not drop their pants everytime a corporation threatens ill news everytime they do not get exactly what they want.
Only what affects profits positively or negatively in a direct or indirect way is to be considered worthy of attention. Hiring people, firing people, buying or selling technologies, patenting or open sourcing components, etc... must provide the highest possible R.O.I. and that's ok. That is why we have external checks and balances and we do not trust corporations to be 100% self regulated...
Jesus. What a day.
Mean while....
In other news. Microsoft stock hits a 14 year high today.
My brother-in-law used to work for Nokia there before, he left ages ago saw the changing winds when the first iPhone was released and jumped ship fast. Wonder what he thinks of this.
Yle.fi said:Software company Microsoft has announced the biggest round of lay-offs in the companys history. The firm will reduce its workforce by 18,000, and 12,500 of those will be workers transferred when Microsoft bought the Finnish company Nokia. Just under 5,000 Microsoft workers are currently located in Finland, with some 1,100 expected to be retrenched.
Actually, everything that has changed with Xbox lately has been a direct result of what Sony was doing against them, and had nothing to do with Apple/Google which you could say were the source of inspiration for the original XB1 vision that completely backfired. They very much follow/snipe at each other on the gaming front. It seems to still be somewhat an insular group in the company and I too doubt it will be affected by these layoffs much.Nothing. Just that the future is in cloud and mobile irrelevant of the Company. Microsoft's competitors are Apple and Google and not Sony. Anything that changes with the Xbox One will be the result of that vision.
Any news about your situation? Must be a scary ass time to be working at Microsoft right now.
Jesus. What a day.
That's not some kind of law you know. I know we've all been trained by Gordon Gekko, Jack Welch and CNBC to worship profits above all else, but corporations are free to behave as they see fit.
You forgot to mention the last part of the story, where Elop walks away from Nokia with 18,8 million as a bonus and then he goes back to MS becoming Vice President of Devices & Services Unit.
R.I.P. Nokia.
You faced the MS way to make money.
Terrible news for 18k guys
All according to keikaku.
The fact that this fuckbag was ever allowed to join Nokia in the most blatant corporate takeover in the history of capitalism is still stupefying.
Holy shit. That's a massive amount of people. That's more than 10% of Microsoft. I wonder what's going down. This is a big deal.
Maybe it's a bit premature but Microsoft should definitely see Amazon as a serious competitor aswell.
Because those 6000 have likely been replaced by more qualified Nokia staffAlmost 6,000 people fired are not from Nokia...
The fact that this fuckbag was ever allowed to join Nokia in the most blatant corporate takeover in the history of capitalism is still stupefying.
Corporations do not have a responsibility to keep people they have little to no use for, they do have a responsibility to aid their laid off employees land on their feet which is what they and most companies actually do.
Corporations have a responsibility on providing a return on the money people invest in it, which is absolutely fair.
You can't blame shareholders for thinking profit is the result of fewer workers needlessly taking away a company's money, after all, their wealth likely bears no relation to labor.You mean, thanks to this news... you know, shareholders are always happier when CEOs announce job cuts...
I seriously think that the FBI (or any other entity who's job is to stop criminal operations like this) should investigate this because not only it's so fucking ridiculuos, but also because it was obivious that he was on a mission when he joined Nokia as a CEO to make the company dissapear under MSFT umbrella.
- Going with Windows Mobile OS was dumb, and not the best decision to make, and not even in the interest of Nokia.
- Sure they got a big shunk of money, but it was a short term move that predicted nokia's death.
- Killing Simbian so early and the way the did (announcing that the plateform is like irrelevant years before the "planned" end of support) can't be made by someone at that level of an organisation as big as Nokia who should have some notions from economics 101
- Guy drags down the value of the company with all above mentioned decisions, sells it to his former employer, gets an $18M bonus and joins back his former employer, the same who bought Nokia
Why is this in Gaming?
Anyways this is to be expected. New CEO, so a shakeup is normal, but the number is high.
That was the most cute way to describe a lay off I ever saw in my life.Oh, c'mon. MS is not the only company giving people the chance to find other possibilities.
This right here is corporate buzzword double-speak bollocks of the worst kind. I was kind of interested to learn more about Nadella before he took the role. Now it just sounds like he's the same corporate overlord, spouting the same meaningless corporate platitudes as Microsoft has had before.
If you're going to lay off people, just be honest about it. This pseudo-intellectual corporate philosophical psychobabble is just painful to read, and I'm not even one of the people being laid off.
Not always the case man.Because those 6000 have likely been replaced by more qualified Nokia staff
This right here is corporate buzzword double-speak bollocks of the worst kind. I was kind of interested to learn more about Nadella before he took the role. Now it just sounds like he's the same corporate overlord, spouting the same meaningless corporate platitudes as Microsoft has had before.
If you're going to lay off people, just be honest about it. This pseudo-intellectual corporate philosophical psychobabble is just painful to read, and I'm not even one of the people being laid off.
New CEO, and MS's acquisition of grew it's employee base by almost 1/4th.