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Microsoft Announces Record 18,000 Layoffs, Three Time More Than Expected

Tyler Durden's picture




 

While the news was reported earlier this week, it is perhaps notable that what was once considered the leading US tech company has also succumbed to the great "jobless" US recovery (in which the US economy is somehow adding 200K+ jobs every month even as it is firing millions). Furthermore, what was supposed to be 6,000 layoffs has just tripled to 18,000, which also happens to be the largest round of layoffs in MSFT history, surpassing the previous record of 5,800 set back in 2009.

From the PR:

Microsoft Corp. today announced a restructuring plan to simplify its operations and align the recently acquired Nokia Devices and Services business with the company's overall strategy.

 

These steps will result in the elimination of up to 18,000 positions over the next year. Of the total, about 12,500 professional and factory positions will be eliminated through synergies and strategic alignment of the Nokia Devices and Services business acquired by Microsoft on April 25.

 

The actions associated with the plan are expected to be substantially complete by Dec. 31, 2014, and fully completed by June 30, 2015.

 

The company expects to incur pre-tax charges of $1.1 billion to $1.6 billion over the next four quarters, including $750 million to $800 million for severance and related benefit costs, and $350 million to $800 million of asset-related charges.

If only Tim Geithner had qualified his "Welcome to the Recovery" August 2010, NYT oped a little bit better, none of this would have been a surprise. Actually, it isn't a surprise at all. And now, back to MSFT stock which surges on the news and lifts the market to recorder highs even as thousands more end up on the street, which has largely been the whole story of the "recovery" to date.

 

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Thu, 07/17/2014 - 08:18 | 4966652 alien-IQ
alien-IQ's picture

Ahh yes, the sweet sound of economic recovery.....

Thu, 07/17/2014 - 08:22 | 4966665 Georgia_Boy
Georgia_Boy's picture

18,000 new jobs soon to be announced in India

Thu, 07/17/2014 - 08:26 | 4966677 tarsubil
tarsubil's picture

I don't think they even bother with hiring anymore. They'll use the savings to buy back stock from executives.

Thu, 07/17/2014 - 08:32 | 4966701 pods
pods's picture

So, better than expected?

pods

Thu, 07/17/2014 - 08:33 | 4966708 kliguy38
kliguy38's picture

greenshoots

Thu, 07/17/2014 - 08:43 | 4966753 fonzannoon
fonzannoon's picture

Only thing that matters

 

http://finance.yahoo.com/q?s=msft&ql=1

Thu, 07/17/2014 - 08:49 | 4966775 Save_America1st
Save_America1st's picture

obama will now announce that this isn't 18,000 lost jobs, because those people now have the opportunity to get another job, and so he will count them as 18,000 new jobs created. 

it's the new Common Core math, like 2+2=5  

The obama drones love that shit.  ;-)

 

Thu, 07/17/2014 - 09:18 | 4966919 GetZeeGold
GetZeeGold's picture

 

 

DOW 18K in no time with fundamentals like this.

Thu, 07/17/2014 - 09:23 | 4966943 Shocker
Shocker's picture

No Comment:

Layoff / Business Closing List: http://www.dailyjobcuts.com

/

Thu, 07/17/2014 - 09:34 | 4966999 Gaius Frakkin' ...
Gaius Frakkin' Baltar's picture

But I thought Microsoft couldn't get enough workers to fill their positions??? Oops, this doesn't look good for Gate's amnesty agenda.

Thu, 07/17/2014 - 09:42 | 4967039 GetZeeGold
GetZeeGold's picture

 

 

Windows 9 is coming out in spanish only.....and this time they're taking away the start menu for good.

Thu, 07/17/2014 - 09:59 | 4967148 Richard Chesler
Richard Chesler's picture

Would you like curry with that?

 

Thu, 07/17/2014 - 10:07 | 4967189 Oh regional Indian
Oh regional Indian's picture

So that is how Spain was finally to be destroyed.

And Latin america too....

How do you say noooooooooooo......en espanol?

Thu, 07/17/2014 - 11:13 | 4967484 StychoKiller
StychoKiller's picture

Porque?

Pleeze let the Brillant idjuts that thought this was a great idea be amongst them!

Thu, 07/17/2014 - 09:52 | 4967109 toady
toady's picture

This is typical when a company buys another company, especially in tech. They only buy for the intellectual property, then hammer the humans.

Is there a step in the merger process where the buying company says they won't get rid of the "new" employees? I don't think so.

So, lesson learned, if your company is ever purchased by another, start working on your resume or get into the division with the intellectual property the buying company wanted.

Thu, 07/17/2014 - 18:48 | 4970617 Monty Burns
Monty Burns's picture

Sound advice. 

Thu, 07/17/2014 - 09:53 | 4967117 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

In the near future "Software Engineer" will be synonymous with poverty.

Thu, 07/17/2014 - 10:32 | 4967291 DaveyJones
DaveyJones's picture

THE WORKER'S CAMP

For the last fifteen years, I have lived in a development about twenty miles from their main campus. THe neighborhood was built in 1999 and we picked it because the houses were very modest but the yards were big, it was still in a "good school district" and we were the poor people in the area, with 2 million dollar homes about two blocks over. Because the houses are petite, over the last 200 months, we've watched the "evolution" of Bill's worker bees. In the beginning, it was Indian but those guys have now become too expensive for the McDonalds of Micro-Computers. Bill has moved on to Russians and now, overwhlemingly, the Chinese. There's also a sprinkling of South American, Middle Eastern and just about any other place that actually makes an effort to teach their children the hard sciences.

 It's been fasciniating watching the world knock on your door just as the rest of the globe begins playing ding dong ditch with your dollar  I have to say it's been a weird therapy session being surrounded by folks who actually appreciate a small car and house with garage doors you can still count on one hand. Sometimes I feel like I've entered a time warp and I'm back with my dad and brothers in a weird world where you actually play outside with your friends and neighbors. And when you walk two blocks west where the homes are twice as much, the streets are empty except for the dogs who bark behind the invisible fence. Many of these folks live incredibly modest and insist that somenone stays home while their children reach some critical height. The local schools have also changed and hard science and an extinct subject called world geography is finding its way back to the blackboard.   

Its more than a little ironic that Bill's criminal domination has some opposite effects. Sometimes my neighborhood reminds me of something that sticks in my head from some peak oil / peak debt lecture - that the biggest threat to the American way of life... is the American way of life. One way or another, austerity is coming as these bastards have lit too many magic birthday candles while they party away our troubles. The best I can do is learn from sites like this and "regular" people all over the world to get a little perspective.             

Thu, 07/17/2014 - 13:51 | 4968891 conspicio
conspicio's picture

+1 for making Common Core references in any story about Bill Gates. It's his baby, ya know...

Thu, 07/17/2014 - 09:10 | 4966886 thestarl
thestarl's picture

Yeah BDI at 750

Thu, 07/17/2014 - 08:34 | 4966710 yogibear
yogibear's picture

Exactly. Why bother? Just do buybacks and collect larger bonuses.

Thu, 07/17/2014 - 08:34 | 4966711 Titus
Titus's picture

This is just half of Nokia.

Nokia was the last non-US mobile phone and OS (i.e. monitoring device) manufacturer. Until the MSFT purchase. And then there were none.

 

Thu, 07/17/2014 - 08:39 | 4966729 gmak
gmak's picture

BBRY is Canadian.

Thu, 07/17/2014 - 09:06 | 4966865 NoDebt
NoDebt's picture

Blackberry?  Are they still in business?

Thu, 07/17/2014 - 09:19 | 4966929 pods
pods's picture

Quick Blackberry story. I was fishing at the beach and the rangers came by. We talked for a bit and then they asked for the license. I dug through my tackle box looking for my printed out copy but to no avail.

Told the guy I just looked it up the day before online.  So, I offered to look it up online.  He kinda looked at me funny.

Popped open the browser on the Z10, found and logged into the DEC website, popped in my #, clicked renew  and showed the guy the valid dates of my current license.  Meanwhile, my better half's iphone didnt even have service on the beach (cape hatteras).

Showed the guys and they said okay, then one guy asked me how I did that, and that the DNR officers have a computer program (only for them) that they can look stuff up and also an app, but the app doesn't really work.  Told them I just did it online.  
Bottom line is the phone just does what I want it to.

pods 

Thu, 07/17/2014 - 09:26 | 4966958 eclectic syncretist
eclectic syncretist's picture

Yes, but the learning curve is too steep for most people, who are to lazy to think or learn.

Thu, 07/17/2014 - 11:28 | 4967598 Titus
Titus's picture

BBRY is Canadian.

So, what's your point?

 

Thu, 07/17/2014 - 09:57 | 4967140 toady
toady's picture

The best thing about research in motion is when you're looking for a job you can search "rim jobs".

Thu, 07/17/2014 - 11:07 | 4967450 Mitzibitzi
Mitzibitzi's picture

I really liked the BB that the wife used to have. Cool bit of kit apart from the absolutely terrible battery life. Even her new Windoze Nokia has a better battery - and I'd consider that to be pretty shit compared to my old Sony-Ericsson.

Thu, 07/17/2014 - 08:27 | 4966684 Da Yooper
Da Yooper's picture

Furthermore, what was supposed to be 6,000 layoffs has just tripled to 18,000.

 

Thats just another example of liberal common core math


the figures dont lie

 

but the liars sure can figure

Thu, 07/17/2014 - 08:27 | 4966686 redd_green
redd_green's picture

The jobs were already moved there.

Thu, 07/17/2014 - 08:29 | 4966690 Dr. Engali
Dr. Engali's picture

The 18,000 people replaced probably trained their Indian replacements.

Thu, 07/17/2014 - 08:47 | 4966772 replaceme
replaceme's picture

I've been part of that play before; in our case, the Indian workers think the company is growing, had no idea that they were being brought in as cost savers / replacements.  That math is nowhere near what it used to be - we used to figure 5 Indian workers for 1 American on a cost basis, was down to just about 2 to 1 before I moved on.  I never had any animus towards the Indians, had trouble with the company selling off parts of the business to meet quarterly goals - that's just slow suicide, for the company and the country. 

Thu, 07/17/2014 - 09:38 | 4966935 Dr. Engali
Dr. Engali's picture

I've had a lot of friends who told me a similar story, and I was always amazed by this phenomenon. I think it speaks volumes about the character of an individual who knows they are training their replacement yet holds no hard feelings towards their replacement. My hat's off to you.

Thu, 07/17/2014 - 09:58 | 4967142 Ghordius
Ghordius's picture

my nephew was just replaced by 14 Indians. though this is the third time, they had to re-hire him twice, before. interestingly, he costed as much as 8-10 Indians, but his management had a top-down decision involving some 800 employees, so... megacorporation madness, as usual

Thu, 07/17/2014 - 08:44 | 4966756 junction
junction's picture

Now Satya Nadella can fill a batch of new jobs with H2B visa workers from India.  I wonder if Nadella got his first job at Sun Microsystems under the H2B program.

Thu, 07/17/2014 - 09:17 | 4966918 Dubaibanker
Dubaibanker's picture

India is so passe.....Microsoft did not buy Nokia's largest phone production facility in the world in Chennai, due to which over 5,700 employees were laid off recently.

Now, due to Nokia's reduction of staff from 12,000 in 2010 to less than 1,000 today, Foxconn is having trouble, as a supplier, who should lay off about 5,000 this month and so is BYD from China who should also lay off a thousand or so.

All work is now shifting out of India whether outsourcing or manufacturing from foreign countries due to inflation, labour issues, retrospective taxation, lack of power and proper infra, corruption........Work is moving to Philippines for call centres and Vietnam for manufacturing.

Good snapshot of the whole situation from the local labour union in conjunction with Mexican trade union and Asian one: http://tnlabour.in/wp-content/uploads/2014/07/Civil-Society-Statement-on...

Thu, 07/17/2014 - 10:09 | 4967200 Oh regional Indian
Oh regional Indian's picture

Excellent points DubaiB.

India is a really strange story right now. The software sector, so long dependent on Dollars and Euros is now furiously trying to nearshore, inshore or whatever the new shoreshite of the day is. Basically sell their bloated cost structure ot Indian companies now.

Meanwhile, the Rupee is kept artificially weak, making the rest of our lives miserable, direct impact on fuel prices, general inflation.

India is a basket case and yet, also probably a big winner over the next 7-10 years. Change is under-foot.

Thu, 07/17/2014 - 10:16 | 4967226 Ghordius
Ghordius's picture

India is like an elephant. looks slow. the biggest story for us Europeans is that it's more urbanized, now, than India itself realizes

Thu, 07/17/2014 - 11:14 | 4967478 Dubaibanker
Dubaibanker's picture

Ghordius and ORI,

While the actual population of Indian cities has been rising mostly due to rapidly rising population, not just urbanization trends, unlike in China etc but for the following reasons, reverse urbanisation has now become a trend which will accelerate in the years ahead:

1. Lower GDP growth

2. Lower jobs created. Apparently, India creates only 2m jobs though 10m pa are required for over a decade now. Thus they have a massive backlog while population grows rapidly.

3. Super high inflation in cities of between 10% to 20% PA across everything.

4. Miserable healthcare and sanitation in cities causing higher expenditure by the poor on health care and lack of Govt support.

5. Amalgamation of poverty and unemployment leading to rape epidemics in India, Last week was a rape of an 81 year old in Delhi, today is rape of a 6 year old in Bangalore.

6. Extremely high rental rates even in the shanty towns in cities. Apartments are running at USD 250pm in below average areas to USD 850 pm in above average areas for 1 bedroom apartments in large urban centres causing problems even for the middle classes because incomes are stagnating for the urban middle class.

With all the stress due to above and recent massive decline in employment from outsourcers, banks, car dealers, mall employment, gold jewellers, construction etc .......reverse urbaniszation has become a trend because back in rural areas there is no rent to pay, food is cheaper, air is fresh and inflation is lower.

http://www.financialexpress.com/news/major-reverse-jobs-migration-to-far...

India has gone barely from 26% of its population being urban in 1994 to 32% today. Rise of 6% in 20 years.

While China has marched from 30% in 1994 to 53% today. Rise of 23% in 20 years.

Since both have almost identical populations, therefore, China has achieved a massive urbanization exxceeding its rural population while India is at a spot where China was in 1996 and the gap is widening further hence the situation has grown vastly different in the past 20 years.

http://data.worldbank.org/indicator/SP.URB.TOTL.IN.ZS?page=3

We can see how the currencies of both the countries are different as well. 1 USD gets INR 60 while 1 USD gets CNH 6.20 today.

20 years ago, USD  INR was INR 30.00 and today is INR 60.

20 years ago, USD CNH was CNH 8.60 and today is CNH 6.20.

Ratio between CNH INR was 3.48 in 1994 while today the same is at 9.67.

India is clearly slowing down and losing ground on the global stage, especially since the global crisis of 7 years ago started from when both the FDI and the exports kept weakening and therefore most companies in India are bankrupting themselves due to weak profits and high borrowing rates of 15% to 20% pa over an extended period of time.

Thu, 07/17/2014 - 14:37 | 4969211 dochood
dochood's picture

"Amalgamation of poverty and unemployment leading to rape epidemics in India, Last week was a rape of an 81 year old in Delhi, today is rape of a 6 year old in Bangalore."

 

I always wondered what caused rape.  I thought it was lack of morals and disregard for the feelings and well-being of the victim (i.e., evil).  Now I see that it is an "amalgamation of poverty and unemployment."  Thanks for the clarification.

Thu, 07/17/2014 - 16:34 | 4969981 Dubaibanker
Dubaibanker's picture

Lack of morals do not matter in India because millions live in desperate poverty with utter hopelessness while they see roads clogged with millions of cars and actresses on movie screens running half naked and girls in short skirts moving around on TV and streets. The poor probably have contempt for everyone in India and thus when they have too much time (due to no job) and then no money (to pay for sex due to lack of work), they end up becoming this monster with no morals, no money and lots of time. They dont have the understanding to worry about the victim in urban centres because they are illiterate, poor and unemployed at the same time.

You have to meet some of such people to realise how hopeless they are and that they cannot turn to no one, least of all the police or the Govt who actually beat the crap out of them or rape men and women alike in jails, police stations and outside.

The intent of amalgamation of poverty and unemployment is a new monster that has been created lately in india on top of illiteracy, utter disregard for laws leading to hopelessness and despair causing rape due to frustration. The rapists actually think that they can get away with it.

That is how we see all the rapes which are not as many as you would think, given 1.25bn population of India. If we go with percentages, then it is about to get lot more worse across India in the coming years since unemployment and poverty both are on the rise.

Thu, 07/17/2014 - 19:21 | 4970801 kareninca
kareninca's picture

"no money (to pay for sex due to lack of work)" ???

Wow, your world view is so alien.

"Causing rape due to frustration"

Again, beyond alien.

Well, they rapists are right.  They do get away with it in India.

You know, there have been people in the history of the human race, who were very poor, had time on their hands, and didn't thereby become rapists.  Just saying.

Well, it is very sad.  I traveled there in 1984 and it was quite different.  People were just as poor then, and unemployed, but they weren't killing off their girl fetuses and raping and blaming it on TV.  I guess it was just a lack of opportunity back then     /s

Fri, 07/18/2014 - 06:26 | 4972409 Dubaibanker
Dubaibanker's picture

Kareninca,

With all due respect, if you don't have real world Indian experience and don't know about the caste and poverty and how they influence things on the ground in India then I think yes, the concept I describe must be alien to you.

I dont think you or anyone you know is from a lower caste, dirt poor, illiterate, malnourished, kicked by their Govt, the local money lenders and the cops while having no food and no job! all at the same time.

Cause of rape, IMO, is due to frustration. If you did not know, more than 65% of India's population is in the 15-64 years age which is the baby boomers but they are also the most illiterate or with very poor skills.

You may research a bit more here: http://knowledge.allianz.com/demography/population/?1651/poles-apart-ind...

In the villages, the country men do get away with rape because no one listens to the woman's complaints, so yeah they do get away with it. The clash happens in the urban centres where the illiterate think they will get away with it but they cant due to fast changing policitcal environment.

In the history of the world, things may have happened differently because the world population was just 1bn until mid 19th century. Therefore, the dynamics were very different and most countries were trying to get away from colonialism by Spanish, Portuguese, Mughals, Persians or the Brits. Men folk had no time for rape nor were women so liberalised until the 1950's starting from good ol' USA.

India has become very different in just the last 2 decades. 20 years ago, there were almost no TV channels, now there are hundreds. 20 years ago, Indian cities were less populated and definitely much less polluted. Now they are right at the worst in the world. 20 years ago corruption was barely noticed, but today you cannot do anything without being corrup on both ends. Things are vastly different today and the stress between haves and have nots has risen to an unsustainable level.

India has barely created a few dozen billionaires, and a few thousand, about 200k to 300k millionaires in the last 50 years, even if we include the black money millionaires, they will in all not be more than 1m at the very max. While India's population is reaching 1.25bn today. 

India's population was barely 934m in 1994, today it stands above 1.25bn.

All the people being born today except in those one million homes are dirt poor, malnourished, from lower caste, with no healthcare and lately getting unemployed. That's 1.249mn people.

65% of them are young and are you telling me that young males of India do not have raging hormones? After being unemployed and getting poorer, they cannot handle the social stress very well when there is no Govt support and they get frustrated and lead to various crimes not just rapes, like murders, robberies, petty theft which is all on the rise across India.

In fact, partly due to social taboos, outsourcing has left India. For example, the trend was when outsourcing started about 15 years ago, young girls and boys right out of University used to work for tele call centers on good salaries. Salaries kept rising and disposable income was plenty. However, being in far flung areas and due to work timings which had to be on US time zones, girls had to work over night. Rapes started in small numbers by drivers who used to drop employees home and then promiscuity started between all these 25 year olds at work place working odd hours in the night. Now, since the last 5 years, girls dont want to work because the parents of the boys dont want any boy to marry a girl who works overnight because of rumuors of promiscuity so most girls dont want to work in call centers any more. Partly this and partly due to increased costs and labour laws, call centers have started shutting down in India and are departing from India and have shifted hundreds of Indians to Manila.

1984, when you travelled, to India, India was a paradise with just 764mn in population. They have almost doubled since then.

Trust me, India' days are numbered both economically and also in terms of any sustained growth or crime etc. Rape is just one symptom. India's symptoms are plenty from banks falling apart to businesses bankrupting and all sorts of crime when their population is rising and GDP is decling and inflation is insane and jobs are reducing by the millions, that also at a time when India needs to create jobs!

All this calls for several crimes to be born.

Rape can not simply be classified as described in the western textbooks especially when it comes to India. Ask any police man in India or any villager where India lives on what they say about rape. They will tell you it happens all the time and whats the big deal!

One of India's leading politicains who has previously been a Chief Minister of a state and whose son runs one of the most important states in India had this to say few months ago: http://www.ndtv.com/elections/article/election-2014/mulayam-s-shocker-on...

Another minister from the currently ruling party from another state said almost the same thing last month: http://www.dw.de/mass-outrage-over-indian-ministers-rape-remarks/a-17689...

Please do read both articles.

In most of India, oustide the metros where not even 30% of India lives, local village headman has the authority to order for rape of a girl jfrom the defendant's family ust because her brother teased another girl. This happened last week. https://ca.news.yahoo.com/girl-raped-indian-village-council-orders-reven...

India is very large, very diverse and very complicated. Please don't even try to understand it. There is a reason why India's GDP is declining since 2012 despite its fast growing population.

Fri, 07/18/2014 - 05:32 | 4969989 Dubaibanker
Dubaibanker's picture

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Fri, 07/18/2014 - 05:33 | 4969995 Dubaibanker
Dubaibanker's picture

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Fri, 07/18/2014 - 05:32 | 4969996 Dubaibanker
Dubaibanker's picture

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Fri, 07/18/2014 - 05:32 | 4969997 Dubaibanker
Dubaibanker's picture

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Thu, 07/17/2014 - 19:11 | 4970749 kareninca
kareninca's picture

I have read that the Indian government is actively encouraging people to return to their villages, by providing guaranteed government-paid jobs in the rural areas and other goodies that the government can't actually afford to be providing.  It does not sound sustainable.  Once those government jobs go away, the rural areas will be a disaster again.  Anyway, they've killed off a huge portion of their baby girls, so they are a disaster in any case.

Thu, 07/17/2014 - 10:45 | 4967364 AbbeBrel
AbbeBrel's picture

Thank you both for the updates on the local trends...

Thu, 07/17/2014 - 09:24 | 4966953 Mr Pink
Mr Pink's picture

It's going to be really funny next week when the official initial jobless claims number comes in at 17,000

Thu, 07/17/2014 - 20:25 | 4971133 drendebe10
drendebe10's picture

.... well if you create a product like Windows 8 and vote to reelect the incompetent corrupt arrogant narcissistic ilegal alien sociopathic liar in chief, that's what you get... laid off...  the economy is doing just fine..... 

Thu, 07/17/2014 - 08:40 | 4966732 TideFighter
TideFighter's picture

16,000 Empty homes for renting to illegral immigrants at $6,000 per house/month.

The circle [jerk] of life, Bitchez.

Thu, 07/17/2014 - 09:28 | 4966967 rubiconsolutions
rubiconsolutions's picture

The way the BLS measures unemployment that should reduce it by about .4%

Thu, 07/17/2014 - 09:56 | 4967133 failure to perform
failure to perform's picture

Ahh yes! They will all come to Cleveland and work in the service industry. Good times ahead!

Thu, 07/17/2014 - 10:39 | 4967340 tempo
tempo's picture

Does msft even employ 18000 people in the US?

Thu, 07/17/2014 - 16:47 | 4970052 johnconnor
johnconnor's picture

This reminds of that scene of "The fith element" movie:

Flunky Executive: But Mr. Zorg, Accounting says that we only need to terminate 6,000 to achieve...(trails off under Zorg's icy stare).

Zorg: (conrtinues to stare venomously)

 

FE: (terrified, salutes)  Yes, M-M-M-M-Mr. Zorg, fire 18,000 right away, sir! (turns abrubtly, flees).  

Thu, 07/17/2014 - 08:20 | 4966655 Dr. Engali
Dr. Engali's picture

The future looks bright in the U.S.S.A. Hope and change bitchez! ...hope and change.

Thu, 07/17/2014 - 08:19 | 4966657 highly debtful
highly debtful's picture

I wonder how much more recovery the global economy can take.

Thu, 07/17/2014 - 08:21 | 4966661 j0nx
j0nx's picture

On the bright side, there are millions of illegals on the way to your towns and cities to steal the remaining jobs from the people who are getting laid off. Aint politicians grand!

Thu, 07/17/2014 - 08:30 | 4966692 Georgia_Boy
Georgia_Boy's picture

Eh, it's not the illegals who will take mine.  I can learn Spanish (and I am de hecho) but the border jumpers will not get engineering degrees ... they will raise my taxes but not take my job.  It's the employer abuse of the perfectly legal avenues (H1B, L1) that's the real problem for the skilled workers.

Thu, 07/17/2014 - 10:14 | 4967211 Meat Hammer
Meat Hammer's picture

+1 for learning Spanish.  However, the Spanish that these uneducated people speak doesn't resemble anything close to the Spanish that you're learning, which is Espanol de la escuela.  These people speak Espanol de la calle, which is akin to English spoken in the back woods of Alabama.  

I speak fluent Spanish and I can't understand most of what the typical fence-jumper, native-speaker says because it's so horrible.

Thu, 07/17/2014 - 11:09 | 4967455 flapdoodle
flapdoodle's picture

es belda!

Thu, 07/17/2014 - 11:41 | 4967716 Meat Hammer
Meat Hammer's picture

sacto

Thu, 07/17/2014 - 08:31 | 4966698 yogibear
yogibear's picture

Future government EBT, welfare receipts. Add in free healthcare and college and you wonder why their flooding in?

The Federal Reserve needs more debt to be created. Maybe Obama can invite all of South America for freebies and a free new GM car.

Thu, 07/17/2014 - 08:21 | 4966663 PlusTic
PlusTic's picture

sounds bullish, buy stokks/sell treasuries

Thu, 07/17/2014 - 08:22 | 4966666 stant
stant's picture

Maybe they can get jobs at the NSA. Since most of the layoffs are from lost biz for screwing around with them

Thu, 07/17/2014 - 08:23 | 4966669 Seasmoke
Seasmoke's picture

Anyone feel the US standard of living is slipping down , like sand in an hour glass. 

Thu, 07/17/2014 - 08:34 | 4966705 NOTaREALmerican
NOTaREALmerican's picture

Not really.    There's always a top 10% to admire.    The losers who lost their jobs at MS just need to retrain themselves to be useful,  otherwise they can join the Trash Class with the rest of the worthless losers who do nothing but leach off the productive members of society.

Survival of the fittest, BITCHEZZZ!!!

Thu, 07/17/2014 - 09:08 | 4966869 Space Animatoltipap
Space Animatoltipap's picture

You forget that everyone dies after some time. Even the healthy, wealthy, powerful. Simply after some TIME ... plop. 

Thu, 07/17/2014 - 09:44 | 4967068 negative rates
negative rates's picture

Yea, but a thousand years sure beats a hundred, seems like forever after just a couple hundred years.

Thu, 07/17/2014 - 09:43 | 4967055 negative rates
negative rates's picture

Dorathy did for a short while.

Thu, 07/17/2014 - 08:27 | 4966683 yogibear
yogibear's picture

Bullish!

They can turn into Wall Street traders and Social Security disability recipients. The financialization of the US continues. From productive means to fiat paper shuffling (trading) or on the government payroll.

More Federal Reserve printing and wealth transfer.

Thu, 07/17/2014 - 09:10 | 4966888 Titus
Titus's picture

Don't forget residential real estate investors!!

Thu, 07/17/2014 - 08:33 | 4966704 foodstampbarry
foodstampbarry's picture

Most of those layoffs are hipsters who voted for Obama. Maybe they should call their black messiah and thank him for the hope and change.

Thu, 07/17/2014 - 09:29 | 4966968 GetZeeGold
GetZeeGold's picture

 

 

In their defense....he's still buying their gas and paying their mortgage.

Thu, 07/17/2014 - 10:16 | 4967230 Meat Hammer
Meat Hammer's picture

Most of those layoffs are hipsters who voted for Obama.

I was thinking the same thing.  Bwahahahahaha!  Fuck em.

The problem, though, is that they will look for more government control to help them with their plight, as is the plan.

Thu, 07/17/2014 - 08:33 | 4966707 GrinandBearit
GrinandBearit's picture

BULLISH!

Thu, 07/17/2014 - 08:33 | 4966709 dobermangang
dobermangang's picture

Hello Summer Recovery version 6!

Thu, 07/17/2014 - 08:37 | 4966720 Smegley Wanxalot
Smegley Wanxalot's picture

MS = MicroSeverance.

Thu, 07/17/2014 - 08:37 | 4966721 Atlas Shrugs
Atlas Shrugs's picture

Everything is awesome! Everything is cool when you're part of a team! (Unless it's Microsoft)

Thu, 07/17/2014 - 08:37 | 4966722 Buster Cherry
Buster Cherry's picture

Skynet has become self aware.

The computers will build themselves now, and rule over us.

When passengers on cruise ships visit a port of call, they don't immediately go see the sites, they find a wifi hot spot. Mission accomplished.

Thu, 07/17/2014 - 08:37 | 4966725 yogibear
yogibear's picture

Obama needs to mandate the reduction of unemployment insurance from 26 weeks to 4 weeks to make the unemployment stats look outstanding. With all those people dropping off after 4 weeks he gets the unemployment rate to under 3%.  

Thu, 07/17/2014 - 08:52 | 4966796 NOTaREALmerican
NOTaREALmerican's picture

There's no real unemployment.   Everybody who wants to work IS working.    The Trash Class is made-up of the least-fit members of society.   Most are happy that the most-fit members of society are doing so well, and know that - someday - their kids will have the opportunity to compete and, perhaps, become members of the winning-class.

Thu, 07/17/2014 - 09:31 | 4966978 eclectic syncretist
eclectic syncretist's picture

You're an idiot.  Our current political/economic system favors the rise of sociopaths and psychopaths to positions of power. Be you one of them?

Thu, 07/17/2014 - 09:52 | 4967113 NOTaREALmerican
NOTaREALmerican's picture

Survival of the fittest, BITCHEZZZ.   Kinda rough when you turn out to be the food tho.

Thu, 07/17/2014 - 08:39 | 4966728 indio007
indio007's picture

Synergies?

Oh brother. just fucking kill me.

Thu, 07/17/2014 - 08:41 | 4966735 Bill of Rights
Bill of Rights's picture

Ya but Builder confidence is up! dammit!

Thu, 07/17/2014 - 08:41 | 4966736 Fix It Again Timmy
Fix It Again Timmy's picture

Quick, Quick - start building MOAR Starbucks to pick up this slack!....  

Thu, 07/17/2014 - 10:45 | 4967361 tempo
tempo's picture

More illegals, more eft cards, more student loan, more subprime car loans to offset full time msft jobs.

Thu, 07/17/2014 - 08:41 | 4966737 WTFUD
WTFUD's picture

NO MORE SOONER OR LATER!!!

Thu, 07/17/2014 - 08:43 | 4966745 Last of the Mid...
Last of the Middle Class's picture

Yep and of course no one will dare mention how many of those 18,000 have unpaid student loans that will go into default. Just be glad we have more collage debt slaves coming up from the south to be fodder for a system with no jobs once they graduate. Ain't free enterprise great!

Thu, 07/17/2014 - 08:42 | 4966750 paint it red ca...
paint it red call it hell's picture

Save jobs, bring back XP support!!

Thu, 07/17/2014 - 09:30 | 4966975 GetZeeGold
GetZeeGold's picture

 

 

64K of RAM should be enough for anyone.....so don't stop there.

Thu, 07/17/2014 - 08:43 | 4966755 Bill of Rights
Bill of Rights's picture

Breaking: This just in India is hiring 18,000 new tech workers,

Thu, 07/17/2014 - 08:45 | 4966765 virgilcaine
virgilcaine's picture

You are free wage slaves..free to roam about the plantation. Just don't roam too far.

Thu, 07/17/2014 - 08:45 | 4966766 peter4805
peter4805's picture

Two words:

"Windows 8"

Thu, 07/17/2014 - 08:48 | 4966782 dobermangang
dobermangang's picture

I read 1 review on Windows 8 and the poster said: "If you truly hate someone, give them an upgrade copy of Windows 8."   Ouch!

Thu, 07/17/2014 - 08:46 | 4966768 The Most Intere...
The Most Interesting Frog in the World's picture

Ya know it's time for a return of the renaissance man. My grandparents came to the US on ships from Italy, Eastern Europe and Russia. They built their own houses, grew their own food, had chickens, cooked all of their own meals. Who needs Microsoft really? There are millions of acres off the beaten path for next to nothing. Only downside is lack of fulfillment in your role as a consumer, but I think we can get over that.

Thu, 07/17/2014 - 09:13 | 4966900 James-Morrison
James-Morrison's picture

"Italy, Eastern Europe, and Russia"

Mine too.

Thu, 07/17/2014 - 08:51 | 4966771 PoorMan429
PoorMan429's picture

Heres a thought for today:

The function of the number of persons needed to support a society is not linearly related to the total sum of persons in a society, it is logarithmic. Meaning, as population increases, the percentage of workers needed to support the demand of that poputaion increases at a constantly lowering rate. 

 

I had this discussion with my FIL last night (hes a union negotiator, we were talking about over time) he claims overtime is taking a full time job away from another person. (i agree, becuase its cheaper to pay overtime, then hire more, and pay benefits). However he made a false argument that the labor workforce size for a well known Electrical utility (ED) decreased from 25k to 8k over the last 25 years becuase of an effort to cut labor costs. I argue that the majority of that decrease is due to technological advancement and efficiency in process, and reduced maintence requirement. 

 

The reality this planet is faced with is that we need to find an alternative paradigm to live in where the majority of society can live without needing to have value of utility to the rest of the population, there is just no growth in demand for labor to keep up with population growth.

 

Thu, 07/17/2014 - 08:56 | 4966818 NOTaREALmerican
NOTaREALmerican's picture

This is true.   But in a competitive, survival-of-the-fittest, society we've got to accept the fact that the losers need to gracefully eliminate themselves from society.    I would suggest that if one becomes a member of the unworthy Trash Class, in order to continue as a member of society one should at-least become sterilized (ideally, of course, you'd leave the country and take your children with you).

Thu, 07/17/2014 - 09:00 | 4966838 PoorMan429
PoorMan429's picture

Eugenics! its whats for breakfast, lunch and dinner!

Thu, 07/17/2014 - 10:42 | 4967349 RafterManFMJ
RafterManFMJ's picture

All these problems will go away when they get the population down to 500 million in phase I, and 500 thousand in phase II

Thu, 07/17/2014 - 09:14 | 4966906 Ghordius
Ghordius's picture

excellent thought of the day

globalization fuses the world's societies, at least in the perspective of markets and production

lot's of pros, including that some products could not be produced at such low costs if they could not be sold to billions

though if globalization stops - and it did, once, between 1931 and 1946 - then suddently you don't have enough workers, and you have to forsake some of the pros of globalization. but hey, at least you don't have to discriminate foreign goods on the shelves, because you won't find any

yet there is no necessity to stop globalization. we could just make sure that no oligopolies or monopolies spring up. but hey, that's against the "free market" gospel

Thu, 07/17/2014 - 09:27 | 4966960 PoorMan429
PoorMan429's picture

I am glad you appreciate the comment, however I am of the opinion that single largest issue we have here is wealth(resource) concentration.

Globalization, oligopolies, monopolies, etc, are all a means to wealth consolidation.  

Society is conditioned to approve, desire, and strive to attaining more and more in relation to others.

Morality is broken down with media, and education. 

 

All to provide passive acquiecence to resource hoarding en masse.... 

Thu, 07/17/2014 - 09:32 | 4966986 PoorMan429
PoorMan429's picture

It just occured to me, that if we lived 5000 years ago, how would you hoard resources. What would they be? Nuts? Berries? Meat? Animal skins? Most all perishable items. That would provide very little value over time as they start to degrade immediately.

 

Perhaps the thing to consider is the time value of money. Inflation is an attempt at making money perishible. Perhaps there is something to it.... 

 

Thu, 07/17/2014 - 09:37 | 4967018 Ghordius
Ghordius's picture

but wealth concentration is a result, an effect of oligopolies and monopolies

my point is that Microsoft was, for too long time, a near-monopolist. the moral - or just smart - thing to do would have been to force it to split. it's called anti-trust, a word that existed, in the US, was universally understood and as concept applied on several near-monopolists, like Bell Corporation, or Standard Oil

instead, some "market will fix it" preachers left it to it's own devices, which then led to it's vast accumulation of wealth, catapulting Bill Gates to Richest Man of the Globe

now taken by Carlos Slim, another near-monopolist, this time from a privatization wave gone "unassisted"

Thu, 07/17/2014 - 12:01 | 4967923 Matt
Matt's picture

The only reason Microsoft was a near monopoly, was that people had a preference for Microsoft products. People just didn't feel like learning a new system.

If you tell everyone that if they are too successful, the government will confiscate a large portion of your wealth, or your company will be split into smaller companies, that would cause some interesting changes in behaviour I bet. Either people would not be motivated to be successful, or they would artificially limit their own success to right below the cut off line.

Thu, 07/17/2014 - 09:20 | 4966926 SunRise
SunRise's picture

"Persons needed to support a society . . .".  What?  Human ambition at zero cost appears infinite - just give me everything I want at zero cost and I'll want everything - Why wouldn't I?  Ambition is corralled by cost appointed to the person with that particular ambition.  The point is that ambition is a personal matter to be morally paid for ONLY by that individual who has That Ambition.  To speak of "society" as supporting that individual is a non sequitor, because it detaches the ambition from the cost like a broken femur.  So how much does "my" healthcare cost?  I don't know, because it's been detached from the ambition of the person who wants perfect health.   Somebody is messing with Mother Nature.

Thu, 07/17/2014 - 09:44 | 4967056 PoorMan429
PoorMan429's picture

So tell me, what is the ambition of an eldery, disabled, or infant human. Their survival depends entirely on someone else having the "ambition" to provide for them. This is no different, but just at a micro scale to the problem of caring for "society". Clearly we've (some) have become so obsessed with our own station in relation to those above, we have neglected the plight of those below. This is exactly the condition that is destroying the fabric of society. We just dont give a shit about each other in the grand scheme.

 

Life is a team sport. 

Thu, 07/17/2014 - 12:05 | 4967955 Matt
Matt's picture

The problem, I suspect, is too much connectivity. A community can only really work at a scale of around 150 people, for everyone to be able to really know each other. Between urbanization and the Internet, people are just surrounded in a sea of strangers.

If you want to go live in a rural village and have close community ties, you can certainly choose to do that.

Thu, 07/17/2014 - 08:48 | 4966773 venturen
venturen's picture

I assume the stock will double with lower revenue and income!

Thu, 07/17/2014 - 08:47 | 4966774 RiskyBidness
RiskyBidness's picture

Well......time to Buy MSFT......Think of all the savings!!!  Hahahaha

Thu, 07/17/2014 - 08:52 | 4966794 d edwards
d edwards's picture

Now, if you apply the 0bamao idea of "fairness" the evil rich billionaire bastard Gates should use his fortune to pay those 18000 so they could stay employed, right?

 

Gates is probably planning on replacing those people with illegals in the near future. I hear he's a BIG fan of open borders.

Thu, 07/17/2014 - 08:48 | 4966779 hot sauce technician
hot sauce technician's picture

Well, M$FT is a dinosaur. Most servers today (web, application, mail, database etc.) run Linux and pay good money to Linux engineers to maintain them. As for personal computing, well, there's what's called friends...

Thu, 07/17/2014 - 09:12 | 4966901 Crawdaddy
Crawdaddy's picture

MSFT is managed by the HR dept, pushing social engineering over technological prowess.

Thu, 07/17/2014 - 09:20 | 4966934 monad
monad's picture

Its not called HR anymore, old man. Now its called Capital Resources and your children are Capital Assets. Doublespeak softening the impending elimination of costly surplus obsolete capital assets... 

Thu, 07/17/2014 - 09:39 | 4967019 Crawdaddy
Crawdaddy's picture

Funny how technology (hell - all businesses) started sucking as soon as they started making the head of HR, er Capital Resources, a C level exec.

Thu, 07/17/2014 - 08:49 | 4966783 RadioactiveRant
RadioactiveRant's picture

Does anyone have a breakdown of where these jobs wil be going?

Thu, 07/17/2014 - 09:03 | 4966853 Vendetta
Vendetta's picture

Yep.... someplace else that is not the USA as usual and has a lot of very poor people who will remain on subsistence wages after the jobs are set up there.

Thu, 07/17/2014 - 09:45 | 4967071 are we there yet
are we there yet's picture

China, India?

Thu, 07/17/2014 - 12:10 | 4968007 Matt
Matt's picture

12,500 are redundencies from two companies merging, so those jobs are just straight up gone.

Thu, 07/17/2014 - 08:50 | 4966790 ToNYC
ToNYC's picture

Windows in the Cloud; a neutron bomb at the bottom of the bloated code mine.

Thu, 07/17/2014 - 09:08 | 4966870 Uncle Remus
Uncle Remus's picture

Software of Mass Destruction.

Thu, 07/17/2014 - 08:51 | 4966793 TheSkipper1967
TheSkipper1967's picture

I love the smell of layoffs in the morning.  Smells like victory.  You know, some day this depression will end. 

Thu, 07/17/2014 - 09:21 | 4966924 James-Morrison
James-Morrison's picture

Soon and very soon,
We are going to see the king.

Keep praying, it's the best economic policy (that is, after printing money)

Can I hear a Hallelujah!

Thu, 07/17/2014 - 08:53 | 4966798 dobermangang
dobermangang's picture

It's a good thing small companies are hiring in droves.  heh

Thu, 07/17/2014 - 08:53 | 4966801 WTFUD
WTFUD's picture

That's an average of $44k severance per each new EBT card recipient! Don't waste that nest egg on paying off your car and other bills suckazz.

Thu, 07/17/2014 - 08:53 | 4966804 Dazman
Dazman's picture

I love to bash Obama like everyone else on here, because he is an idiot and it's fun. BUT... This is unrelated. MSFT need to slimline their operations for other reasons, I.e. their products suck and are so convoluted because of too many cooks in the kitchen. This will be good fir them and their customers. 

Thu, 07/17/2014 - 08:55 | 4966811 youngman
youngman's picture

Macrohard smackdown....and from such a caring liberal company...

Thu, 07/17/2014 - 08:56 | 4966819 taketheredpill
taketheredpill's picture

 

 

 

1.6 Billion divided by 18,000 is $88,888.888888888888888888888888888888888888888888888.

 

Just thought that was cool.

Thu, 07/17/2014 - 12:12 | 4968032 Matt
Matt's picture

Infinitely repeating 8s, must be super lucky for Asians.

Thu, 07/17/2014 - 08:58 | 4966823 WTFUD
WTFUD's picture

This season's Bill O' Gates Philanthropy Project. It's just the way it is.

Thu, 07/17/2014 - 09:02 | 4966850 Last of the Mid...
Last of the Middle Class's picture

Windows 8 was the perfect OS if their intent was to decimate desktop sales. Talk about unintended consequences, there's more than one PhD level study to be found there. Perfect example of a company becoming so large that it tries not only to define but control it's market, right up to where all the customers fled. Bought a Win 8 desktop for business about 6 mo. ago, it is a study in frustration I'm ready to abandon Windows forever.

Thu, 07/17/2014 - 09:09 | 4966884 WTFUD
WTFUD's picture

One woman's voyeur is anudda woman's peeping tom and Bill Gatey you will never amount to anything partnering NSA ( even if your uncle and benefactor is old buffet ).

Thu, 07/17/2014 - 09:03 | 4966855 yogibear
yogibear's picture

Wall Street loves layoffs.

Thu, 07/17/2014 - 09:05 | 4966859 MFL8240
MFL8240's picture

Isnt this bastard one of the 3 billionaires who want to grant Amnesty to the illegals while laying people off?

Thu, 07/17/2014 - 09:10 | 4966889 Itchy and Scratchy
Itchy and Scratchy's picture

Yeah but he is a caring & sharing elite ultra visionary who knows what's better for you than you do! He's really really smart!

Thu, 07/17/2014 - 09:19 | 4966931 MFL8240
MFL8240's picture

I cant stand this MF and I hate Buffett the American con man!

Thu, 07/17/2014 - 09:29 | 4966947 Itchy and Scratchy
Itchy and Scratchy's picture

They love you and you should love them with all your heart and soul! Uncle Warren will even play his ukelele for you!

Thu, 07/17/2014 - 09:06 | 4966863 Itchy and Scratchy
Itchy and Scratchy's picture

The good news is at least they have Obammy Kare!

Thu, 07/17/2014 - 09:08 | 4966877 Space Animatoltipap
Space Animatoltipap's picture

How's HP doing these days?

Thu, 07/17/2014 - 09:09 | 4966887 Cursive
Cursive's picture

Hopefully these 18,000 souls will busy themselves creating something of value instead of serving the MSfT branch of the NSA/Agenda 21.

Thu, 07/17/2014 - 09:10 | 4966892 Itchy and Scratchy
Itchy and Scratchy's picture

Gud 1!

Thu, 07/17/2014 - 09:13 | 4966904 ejmoosa
ejmoosa's picture

If they can the 18,000 lowest paid workers, then the average hourly wage will be higher the next time the BLS reports average hourly wages.  That would be what Obama considers a win....

Thu, 07/17/2014 - 09:15 | 4966912 earleflorida
earleflorida's picture

I guess they'll have to settle for minimum wage or become a cyber`unisex...

welcome to 'Robotic's 101'!

Thu, 07/17/2014 - 09:18 | 4966920 whatthecurtains
whatthecurtains's picture

Windows 8... just say friggin no

Thu, 07/17/2014 - 09:31 | 4966983 buzzsaw99
buzzsaw99's picture

gates must be planning to make a charitable contribution soon so he needs the stock price as high as possible. i got mine bitchez.

Thu, 07/17/2014 - 09:33 | 4966992 aardvarkk
aardvarkk's picture

I worked briefly for about half a year for MS in 2011.  The entire time i was there, I'm not sure I saw anybody do anything that was unambiguously and lastingly useful.  I myself spent the entire time talking on the phone with MS "partners" about their technology "strategy", i.e. try to get them excited about the upcoming releases of SQL Server 2012 and Windows 8, mostly.

I am now back to actual software development, and soon will be switching to teaching high school (where perhaps I'll have chances to execute guerilla actions against the union meeting places, counter-propagandize our youth, etc.)  I left MS because I just couldn't STAND the feeling that I was spending my days doing absolutely nothing that mattered to anybody in any way.  Well, that, plus I was afraid for the fate of my immortal soul.

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