2024 has seen two mass layoffs at Microsoft, with 1900 staff laid off in January, before a further 650 Xbox employees were shown the door in September.

Regardless, Microsoft’s shares are up and the company’s market value is now higher than $3tn, as it works to capitalise on the rise of AI.

      • rottingleaf@lemmy.world
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        50 minutes ago

        OK.

        The CEO is supposed to maximize the profits of investors or owners or whatever, not act like in this example.

        Just like the government to which you pay taxes is supposed to use it for some public good.

        Neither do what they are supposed to do, because that requires some kind of checks by a mechanism above both, and there’s no such.

        Is that more clear, or have my bad English and bad explaining skills failed you again?

      • rottingleaf@lemmy.world
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        54 minutes ago

        OK. I further made equivalence between that CEO and the government which you charge with making use of taxes.