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.
In case you missed it, in our broken model of civilization a CEO’s only responsibility is to increase value for shareholder. Not to clients, not to employees, not to the biosphere.
Market cap increased, job’s done successfully.