How is it that companies will have $10 billion sitting around to invest but need to lay off 10,000 workers to save money?
https://www.reuters.com/technology/microsoft-talks-invest-10-bln-chatgpt-owner-semafor-2023-01-10/
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@shantini Cash flow direction. Also, if they feel they can lay off 10,000, then they didn't really need that many employees.
Demand is down, sales is down, they're no longer needed.
Things boomed for companies like Microsoft during the peak of Covid and lockdowns. That's over now and they have inflation to deal with too.
It's not about the $10 billion. It's about not needing that many people and cutting staff by ten percent.
