3 ms·
They wanted 11,000 extra heads when the market was rewarding growth. Now that the market is rewarding bottom lines - they don't want 11,000 extra heads anymore
by onlyrealcuzzo 4y ago
They wanted 11,000 extra heads when the market was rewarding growth.
Now that the market is rewarding bottom lines - they don't want 11,000 extra heads anymore.
It's easy to "blame the Fed" for the market rewarding the bottom line. But we forget that the reason the market was so crazily rewarding growth 2 years ago was also... because of the Fed.
- dcolkitt 4y agoMSFT stock is barely moved on the announcement. Doesn't necessarily seem like the market is rewarding them.
- quickthrowman 4y agoIf the stock isn’t moving, perhaps the news is already priced in.
- bmitc 4y agoSo either insider trading or a lot of people guessing they’d do a big layoff at some point? Microsoft stock has been incredibly volatile though in the past year.
- onlyrealcuzzo 4y agoHard to say if the market was expecting layoffs.
- Closi 4y ago> MSFT stock is barely moved on the announcement. Doesn't necessarily seem like the market is rewarding them. It's always hard to distinguish signal vs noise in stocks, but it has gone up 0.5% in 24 hours, which is a $8bn raise on the market cap. Cutting $3bn in wages is never going to radically change the market cap of a $1.7T company (you hope!).