Stack Overflow Shows the Future of Microsoft, a Company Cut in Half
THE latest mass layoffs at Microsoft [1, 2] (many waves of layoffs at Microsoft this year, more than we can keep track of properly) show that among GAFAM Microsoft is doing the worst, perhaps on par with Facebook (we estimate that both companies combined eliminated around 50,000 roles this year; official filings don't tell the full story).
"Stack Overflow Laying Off 28% of Staff" will be the title of the next Daily Links (to be ready very soon). It's not even the full number and there are prior layoffs there. There's also this new report entitled "Bandcamp, Oakland-based music industry darling, gutted by 50% layoff" (another bubble, they're just trying to buy time).
A lot of "tech" companies operate at a loss. Microsoft engages in accounting fraud and evades tax, but the media will pretend the company is doing very well. Guess that's what happens when Microsoft pays the media so much money for "advertising"... █
Related/contextual items from the news:
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Stack Overflow Lays Off Employees as AI Threatens Coding Industry
Stack Overflow, is laying off 28 percent of its staff...
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Stack Overflow lays off over 100 people as the AI coding boom continues - The Verge
Stack Overflow is laying off 28 percent of its staff over a year after doubling the size of its organization in a hiring push just as AI chatbots challenged its business model.