2023 Layoff Tracker: Microsoft Cuts More Staff, Report Says
2023 Layoff Tracker: Microsoft Cuts More Staff, Report Says
Second quarter layoffs continue apace after more than 136,000 employees were cut by major U.S. companies in the first quarter of 2023.
cross-posted from: https://lemdro.id/post/126296
Microsoft reportedly let go of 1,000 employees over the past week in addition to the 10,000 it cut earlier this year, while Minnesota-based healthcare organization Allina Health announced plans to lay off nearly 350 employees, making them the latest U.S. companies to conduct layoffs this year as recession fears continue to push employers to make cuts...
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Meanwhile, record profits...
Not surprising, but it's always such a contrast to stock performance.
Stock prices are crazy! For all we know this AI powered Excel is vapourware but the stock goes up over an announcement.
So much value created for society from a press release!
I think it'll work well considering how neat ChatGPT Code Interpreter handles editing excel spreadsheets without being dedicated to it.
My issue isn't with the technology but the fact that only an announcement created $100,000,000,000 worth of "value" while at the same time people are losing their jobs.
And even if the tech works, there are any number of reasons it won't be successful. A competitor may beat them to it, or an open source one comes out, or the UI is terrible, or a middle manager cancels the project, or...
I have no issues with people making piles of money for creating useful things, but I do take issue with the speculative market moving around so much money while inequality is on the rise and people are out of work. And some of these are the very people who created that "value".
I don't really have a solution, but I also refuse to accept it as just the way things are.
Yeah, I was just responding to the vaporware question specifically. I was very skeptical it would work well until trying Code Interpreter with some excel spreadsheets. Definitely not perfect, but surprisingly capable and clearly something Microsoft could work out for co-pilot.