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FenrirIII@lemmy.world to Technology@lemmy.worldEnglish · 1 year ago

Microsoft CFO calls for 'intensity' in an internal memo, after blowout earnings

www.businessinsider.com

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Microsoft CFO calls for 'intensity' in an internal memo, after blowout earnings

www.businessinsider.com

FenrirIII@lemmy.world to Technology@lemmy.worldEnglish · 1 year ago
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Microsoft reported a $27 billion quarterly profit, after cutting thousands of jobs. The CFO is keeping up the pressure.

cross-posted from: https://lemmy.world/post/33767928

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  • Etterra@discuss.online
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    1 year ago

    There is no explaining job cuts when you’ve made record profits. You’re just being greedy assholes.

  • etherphon@lemmy.world
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    1 year ago

    These people are fucking insane, Greed is a sickness and with Trump in the white house the disease is absolutely flourishing.

  • Kurious84@lemmings.world
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    1 year ago

    Societal collapse. Greed has won.

    • vacuumflower@lemmy.sdf.org
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      1 year ago

      So dramatic, LOL

  • CarbonatedPastaSauce@lemmy.world
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    1 year ago

    Take note. It’s never enough, no matter how much you give.

  • jordanlund@lemmy.world
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    1 year ago

    Publicly traded companies have to continually make more money than they did last month, last quarter, same time last year.

    Failing to do so means they are somehow “losing” money that is “rightfully owed” to them and the stock market punishes them.

    It doesn’t matter if you’re profitable or not, so long as you’re continually making more money.

    • vithigar@lemmy.ca
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      1 year ago

      It goes a layer further than that even. If the rate at which that growth is happening isn’t itself growing then investors start getting nervous.

    • onslaught545@lemmy.zip
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      1 year ago

      They actually have a legal obligation to maximize profits. It’s insane.

      • ThirdConsul@lemmy.ml
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        1 year ago

        Technically they don’t - it’s a lie told often by CEO. But its a lie. https://law.stanford.edu/wp-content/uploads/2023/01/Fiduciary-Duties-of-the-Board-of-Directors.pdf

        • gandalf_der_12te@discuss.tchncs.de
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          1 year ago

          the way i understand it, the company has an obligation to fulfill “shareholder’s requests”, which is maximizing profits in 99% of cases, at least on publicly traded companies.

  • reddig33@lemmy.world
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    1 year ago
    • cloud services exceeded $75 billion
    • Office productivity software and LinkedIn, delivered $33.11 billion in revenue
    • Personal Computing unit, which encompasses Windows, search advertising, devices and video games, totaled $13.45 billion

    Writing is on the wall. Xbox and Windows made money, but a fraction of what Office and enterprise services made.

    • RickRussell_CA@lemmy.world
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      1 year ago

      Vertical integration. Windows underpins Office, and even cloud services.

      Xbox though, they’ve already pretty much written its epitaph.

      • SkyeStarfall@lemmy.blahaj.zone
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        1 year ago

        Isn’t Linux mostly used for cloud services though?

        • RickRussell_CA@lemmy.world
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          1 year ago

          I have no statistics, but my sense is that most orgs still depend on Active Directory, Sharepoint, and other services that are Windows-based and often hosted on the company’s cloud structure. And Azure itself is fundamentally a Windows service.

          • SkyeStarfall@lemmy.blahaj.zone
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            1 year ago

            https://techcommunity.microsoft.com/blog/linuxandopensourceblog/announcing-availability-of-almalinux-as-an-endorsed-linux-distribution-in-azure/4282201

            Linux has become the most popular operating system on Azure as over 60% of customer cores run Linux-based workloads.

            Even on Microsoft Azure they mostly use Linux

            Maybe windows still underpins some important services for them though, I can’t really comment on that

  • AbidingOhmsLaw@lemmy.ml
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    1 year ago

    Paywall

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