Absolutely correct. I worked 7 years at a mega-bank that always had "contractors" on staff. Shortly after I arrived, the bank was wrapping up lawsuits brought

Absolutely correct. I worked 7 years at a mega-bank that always had "contractors" on staff. Shortly after I arrived, the bank was wrapping up lawsuits brought by former contractors who (correctly) argued that they were misclassified and should have been employees. From that point on, the bank became very strict about enforcing the same 18/6 rule you saw at Microsoft.