Soaring Profits, Thousands of Layoffs: Microsoft Shows the Cost of the Status Quo
Microsoft's profits soared, and the rise was reported days after the Windows developer announced thousands of layoffs and said it would offer buyouts to 60,000 workers. For economic nationalists, it is a familiar story: the company gains, the worker bears the risk.
Microsoft, described as the Windows developer, saw its profits soar. The profit rise was reported days after the company announced thousands of layoffs. For many voters, this is the corporate status quo in one picture: soaring gains for the firm, insecurity for the people who work there.
Microsoft also said it would offer buyouts to 60,000 workers, and the excerpt says it is looking to curb costs. Critics of corporate power will see the same pattern they warn about: costs are squeezed from the workforce while profits soar.
For economic nationalists, this is the pattern they point to: ordinary workers are asked to absorb the adjustment, while the company's profits are celebrated. The timing, days apart, is what many will point to.
Original reporting
BBC News
Microsoft profits soar days after announcing thousands of layoffs
The week, the Windows developer said it would offer buyouts to 60,000 workers as it looks to curb costs.
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Facts this version was allowed to use
- Microsoft is described as the Windows developer.
- Microsoft's profits soared.
- The profit rise was reported days after Microsoft announced thousands of layoffs.
- Microsoft announced thousands of layoffs.
- Microsoft said it would offer buyouts to 60,000 workers.
- 60,000 workers.
- Microsoft is looking to curb costs, according to the excerpt.
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