Can't help but notice the trend of tech companies shaving employees at an accelerating pace.
Nobody wants to admit this (and there's a lot of reasons it could be temporary factors like "overhiring"), but to me this seems primarily if not exclusively driven by AI. You just can't say that to HR.
The bigger question is if this keeps accelerating, can the industry and broader economy handle so many jobs disappearing, so fast?
I think they're removing old rust that would crate friction in moving towards AI assisted development. Old rust which is used to higher quality of code...
If you quit at age 55 or later and you have been with Microsoft for 15 years your stock continues to vest. That has always been the case.
This "buyout" appears to extend that benefit to employees who are >= 50 and have been with the company for 20 years. (Or any other combination that adds up to 70, for example you are 46 and have been with the company for 24 years).
History suggests the axe may well fall on the remaining if a certain target head-count is not achieved.
Seeing a lot of layoffs lately in tech generally. My sense is that Corporate knows something that the rest of us do not. (Or at least that Wall Street does not.)
How about stop enshittifying your products, make azure not be a pile of garbage,
All this is doing is delegating more work to AI handled by a lot of junior and unskilled “engineers” overseas or on h1’s
Azure is a disaster. Windows just keeps getting worse. Their branding department I am convinced is staffed with nutjobs. Someone has a fetish with the word “copilot”
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[ 3.7 ms ] story [ 38.4 ms ] threadSeems like a voluntarily retirement offer for older employees
Paying to get rid of your institutional knowledge and experience is an insane move, especially as everything is on fire.
Is that ageism? How is that different than saying if their gender is Y, their race is X or their religious belief is Z?
Nobody wants to admit this (and there's a lot of reasons it could be temporary factors like "overhiring"), but to me this seems primarily if not exclusively driven by AI. You just can't say that to HR.
The bigger question is if this keeps accelerating, can the industry and broader economy handle so many jobs disappearing, so fast?
This "buyout" appears to extend that benefit to employees who are >= 50 and have been with the company for 20 years. (Or any other combination that adds up to 70, for example you are 46 and have been with the company for 24 years).
Seeing a lot of layoffs lately in tech generally. My sense is that Corporate knows something that the rest of us do not. (Or at least that Wall Street does not.)
All this is doing is delegating more work to AI handled by a lot of junior and unskilled “engineers” overseas or on h1’s
Azure is a disaster. Windows just keeps getting worse. Their branding department I am convinced is staffed with nutjobs. Someone has a fetish with the word “copilot”