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It was only ~400 employees in the union too, out of 220k+ full time employees and also likely 100k+ contractors/temp workers, if not 200k+
:michael-laugh: unions scare the ghouls so much it's downright comical.
400 employees are negotiating for better pay and almost EIGHTY BILLION DOLLARS just vanishes into thin air? What an extremely real and completely not made-up system
wtf does Microsoft even use those 220,000 employees for? All of their products are crap and feel like they never get updated.
edit: From a 2021 article https://www.geekwire.com/2021/microsoft-adds-23k-employees-one-year-growing-14-despite-pandemic-tight-labor-market/
Worldwide, as of earlier this year, Microsoft categorized 67,000 or 37% of its employees in operations roles; 60,000 or 33% in product R&D; 40,000 or 22% in sales and marketing; and 14,000 or 8% in general and administrative functions.
HOW DO THEY HAVE 40,000 PEOPLE IN SALES AND MARKETING? WHAT DOES THAT EVEN MEAN?
A lot of people pushing Azure and other enterprise products. Microsoft has an enormous amount of products.
lol their entire sales pitch is just "You're already using our other products, why not use this one too?" Why do they need 40,000 people for that? 40,000 people that would have a different job in a sane world.
TMK did a good episode on how the CWA kinda sold out to Microsoft via their neutrality agreement, so the fact that the market doesn't understand the power dynamics at play is laughable.
If somebody has access to a gamma visualizer/graph, put/call walls, or option flows, I'd love to see it for MSFT today. Maybe I'm wrong and it's a bunch of puts dragging the price down
i doubt it though
Algos are built to troll news. And a down grade will trigger selling and to much selling will trigger more algo selling
This was displayed rather hilariously recently when you could by a blue check and people made funny blue check Raytheon announce it's ending all building of weapons and the algos picked it up and dumped the stock.
