Software giant reports $36.6bn in profit, beating Wall Street expectations, as Azure cloud computing division grows 48%
  • schipelblorp@sh.itjust.worksEnglish
    211·
    16 days ago

    The quarterly earnings report comes two days after Microsoft offered voluntary buyouts to about 60,000 employees, roughly a quarter of its workforce, as the tech giant spends heavily on artificial intelligence investments.

    Implies that they are getting replaced by bots.

    • AntOnARant@programming.devEnglish
      272·
      16 days ago

      Not to me, this implies to me that they overspent on AI and they now need to claw back some money.

      • WhatAmLemmy@lemmy.worldEnglish
        12·
        16 days ago

        I guarantee they are essentially offshoring most of these roles; as in they’ll focus on hiring in India and SEA moving forward.

        They already employ a massive number offshore.

      • Maya S. Trojan@piefed.blahaj.zoneEnglish
        101·
        16 days ago

        more like COVID hiring.

        in June 2019 they had 144,000 employees.

        2020 163,000 employees

        2021 181,000 employees

        2022 221,000 employees

        now they have around 230,000 employees

        the spike in hiring coincides with the rise of COVID and moving the whole world online

        after losing 60,000 they will have 170,000, still almost 30k more than 7 years ago.