Latest / Analytic Dreamz: Notorious Mass Effect / "MICROSOFT TO LAY OFF AROUND 9,000 WORKERS IN IT'S LARGEST CUTS SINCE 2023"

Transcript

"MICROSOFT TO LAY OFF AROUND 9,000 WORKERS IN IT'S LARGEST CUTS SINCE 2023" · Analytic Dreamz: Notorious Mass Effect

• 0:04
  [SPEAKER_00]: Now, of course, over here in Natoria's Mass Effect, we get into analytics.
• 0:09
  [SPEAKER_00]: And of course, I call myself analytic dreams getting into a lot of the business behind the creation.
• 0:17
  [SPEAKER_00]: But unfortunately, today, we have to get into some abysmal analytics as I'm not cutting Microsoft any slack, right?
• 0:29
  [SPEAKER_00]: And I'm not letting them off the hook by will let you know.
• 0:32
  [SPEAKER_00]: Now when it comes to the tech sector specifically, the layoffs have reached over, seventy-six thousand, and the first half of the year, as far as January to June.
• 0:49
  [SPEAKER_00]: Now that being said, comparing Microsoft and when we're getting to today as far as to the rest of the world, you have to understand that Microsoft has laid over, laid off over, fifteen thousand employees, but also companies like Mehta that came out and was talking about how they've been having the lowest performance as far as in the quarter three fiscal year of twenty twenty five.
• 1:15
  [SPEAKER_00]: Disney came out and said they've cut they've cut of two thousand across divisions S. D. Lawter I think that's how you say it they've cut off five of fifty eight hundred more specifically five thousand eight hundred to seven thousand employees
• 1:35
  [SPEAKER_00]: Sonos, I don't know why they didn't hear, but they cut off around two hundred.
• 1:39
  [SPEAKER_00]: What's not funny, not this is funny, but as far as the numbers, you know, it's a little, you know, it's not, it's not as big.
• 1:45
  [SPEAKER_00]: South West Airlines, they've cut seventeen hundred and fifty employees and in general, as far as the tech sector and totality, the layoffs have been over seventy, six thousand and just this year alone from January to June.
• 2:05
  [SPEAKER_00]: So that being said, let's dive into Microsoft specifically as they made news across all outlets as they have laid off nine thousand workers.
• 2:19
  [SPEAKER_00]: Four percent of the global workforce just to let you know how big of a deal this is.
• 2:24
  [SPEAKER_00]: And it's the largest cut since January, twenty twenty three when ten thousand employees from Microsoft were laid off.
• 2:37
  [SPEAKER_00]: As far as twenty twenty five specifically they have surpassed that number and then more fifteen thousand to be exact as far as employees now as far as global workforce as of June twenty twenty four
• 2:53
  [SPEAKER_00]: It's two hundred and twenty eight thousand employees.
• 2:57
  [SPEAKER_00]: I don't know if that's just for Microsoft specifically.
• 2:59
  [SPEAKER_00]: I think that's for Microsoft.
• 3:00
  [SPEAKER_00]: So get well, yeah, obviously.
• 3:02
  [SPEAKER_00]: I'm tripping.
• 3:03
  [SPEAKER_00]: So as far as the layoffs of twenty twenty five for Microsoft specifically made twenty twenty five.
• 3:08
  [SPEAKER_00]: They laid off six thousand employees three percent of his staff.
• 3:11
  [SPEAKER_00]: Joe twenty twenty five.
• 3:13
  [SPEAKER_00]: They laid off hundreds more including three hundred and red man.
• 3:17
  [SPEAKER_00]: Red man of red man.
• 3:19
  [SPEAKER_00]: I mean, why is it true?
• 3:21
  [SPEAKER_00]: Let me see.
• 3:22
  [SPEAKER_00]: Get this specifically.
• 3:24
  [SPEAKER_00]: Red, Mond, I'll just still messed it up.
• 3:26
  [SPEAKER_00]: Washington and July of this year in additional nine thousand employees will cut.
• 3:33
  [SPEAKER_00]: So you probably think of yourself.
• 3:34
  [SPEAKER_00]: Why in the world would they keep cutting off all of these employees?
• 3:38
  [SPEAKER_00]: Well, they basically came out talking about Microsoft and say, quote, and this is from Microsoft.
• 3:44
  [SPEAKER_00]: They say, quote, organizational changes to position for success and a dynamic marketplace.
• 3:52
  [SPEAKER_00]: Ladies and gentlemen,
• 3:54
  [SPEAKER_00]: You just heard corporate jargon for we had to fire some folks.
• 3:59
  [SPEAKER_00]: You know what I'm saying?
• 4:00
  [SPEAKER_00]: At the end of the day, all of this is sad news as far as the layoff specifically in the tech sector.
• 4:06
  [SPEAKER_00]: Like I said, I'm a key reiterating this because people are going through it.
• 4:11
  [SPEAKER_00]: People are going through it and also growing through it.
• 4:16
  [SPEAKER_00]: Shelby rapper anyways, my fault.
• 4:18
  [SPEAKER_00]: All right, so at the end of the day, Microsoft laid off
• 4:23
  [SPEAKER_00]: All of these employees are basically just saying that there was changes to position for success in the dynamic marketplace.
• 4:30
  [SPEAKER_00]: So if you never heard corporate jargon, where there you go, also they came out saying quote, reducing managerial layers in streamlining processes in quote, the CFO Amy Hood that definitely
• 4:45
  [SPEAKER_00]: Kep it you know what as far as talking about how they was cutting off people.
• 4:49
  [SPEAKER_00]: It basically said we're building high performing team.
• 4:53
  [SPEAKER_00]: She said I could care less about how you feed your family because guess what?
• 4:57
  [SPEAKER_00]: We just focus on our high performance.
• 5:01
  [SPEAKER_00]: sad day in the business world as when it comes to a lot of people talking about this and the ultimate effect it has on mental health specifically because a lot of people really think about money and it not being or it not equating to happiness.
• 5:18
  [SPEAKER_00]: But there's a lot of quotes out there that let you know.
• 5:21
  [SPEAKER_00]: Money brings a certain amount of security that in these leads to happiness, right?
• 5:25
  [SPEAKER_00]: I don't know why people say money don't make you happy, right?
• 5:28
  [SPEAKER_00]: You would rather cry in the Lamborghini than cry homeless on the street.
• 5:32
  [SPEAKER_00]: That's just any human in my opinion, right?
• 5:36
  [SPEAKER_00]: Because well, now you say a Lamborghini, right?
• 5:38
  [SPEAKER_00]: If you have a roof over your head, you would rather cry with a roof over your head than homeless.
• 5:42
  [SPEAKER_00]: So more specifically,
• 5:44
  [SPEAKER_00]: When they say money, don't buy your happiness.
• 5:46
  [SPEAKER_00]: I think the love of money over a lot of other things as far as family and your overall mental wellness.
• 5:55
  [SPEAKER_00]: I think that's when it gets tricky.
• 5:57
  [SPEAKER_00]: But as far as money, it helps you get certain security that indeed leads to happiness.
• 6:02
  [SPEAKER_00]: So when a lot of people losing their jobs, that happiness
• 6:06
  [SPEAKER_00]: Well, whatever scale it is is being taken away from them and now they got to start from ground zero.
• 6:11
  [SPEAKER_00]: They are hitting.
• 6:13
  [SPEAKER_00]: Indeed, zip recruiter.
• 6:16
  [SPEAKER_00]: A lot of these other job sites and letting it be known that they are looking for a job at the same time that all of these nine not thousand other employees are looking for a job and they may have the same.
• 6:30
  [SPEAKER_00]: resume and then some because they just got laid off at the same time so now you're competing with people for a specific job.
• 6:37
  [SPEAKER_00]: The people who are managers hiring managers are looking at your resume seeing you just got cut off along with not a thousand other people any part they get to themselves.
• 6:49
  [SPEAKER_00]: I'm about to lowball you because everybody else is looking for the same job.
• 6:53
  [SPEAKER_00]: So I'm about to see who is desperate enough to take our lowest offer.
• 6:56
  [SPEAKER_00]: And now you get into a cycle of recession as far as people ultimately taking less because they have nothing currently because they just got laid off.
• 7:05
  [SPEAKER_00]: Now, of course, that's an over-simplification.
• 7:08
  [SPEAKER_00]: But I just wanted to let you know how pivotal these layoffs are and how
• 7:13
  [SPEAKER_00]: damaging it is for just the ecosystem of people not having food or no pockets and a roof over the head.
• 7:22
  [SPEAKER_00]: And with that being said, you never know how far somebody will take it to put food on the table and put and to give shelter to the family and their loved ones.
• 7:34
  [SPEAKER_00]: So that being said, that's why you should always treat people nicely and treat people.
• 7:38
  [SPEAKER_00]: Treat people the way you want to be treated, right?
• 7:41
  [SPEAKER_00]: Not to be on my soapbox, but you have to when it comes to these layoffs because a lot of people are thinking a lot of things right now.
• 7:47
  [SPEAKER_00]: And hopefully, they get their money through law of binding ways.
• 7:53
  [SPEAKER_00]: That's why I'm going to leave it at.
• 7:54
  [SPEAKER_00]: So Microsoft literally came out after these reports went out because you know, they had to play some type of PR games.
• 8:00
  [SPEAKER_00]: And they said, this was not performance base.
• 8:02
  [SPEAKER_00]: Oh, no, who in the world told them that was a great statement to make.
• 8:05
  [SPEAKER_00]: But they said, this is not performance based.
• 8:07
  [SPEAKER_00]: And then the CFO aiming hood comes out and says we're building high performing teams.
• 8:14
  [SPEAKER_00]: Ladies and gentlemen, that's why I say corporate jargon.
• 8:16
  [SPEAKER_00]: You should always be looked at as just something that's just a backhand, whatever.
• 8:22
  [SPEAKER_00]: It's never just straightforward, right?
• 8:24
  [SPEAKER_00]: It's always a backhand coming from somewhere.
• 8:27
  [SPEAKER_00]: Left right up down.
• 8:28
  [SPEAKER_00]: It's coming from somewhere if they say something specifically talking about performance, right?
• 8:34
  [SPEAKER_00]: Microsoft came out and says not performance based.
• 8:36
  [SPEAKER_00]: Performance based to CFO came out as like, hold up now.
• 8:40
  [SPEAKER_00]: Y'all, again, laid off specifically so we can build high performance teams.
• 8:44
  [SPEAKER_00]: So anyways, it is overall showcases the broader reconstructing our companies aimed, quote unquote, at efficiency.
• 8:53
  [SPEAKER_00]: And of course, like I say, with the overall tech division numbers of the layoffs reaching over seven, seventy, six thousand, as far as this year alone from January to June.
• 9:05
  [SPEAKER_00]: It also shows how big tech firms are reducing just the workforce to save money.
• 9:14
  [SPEAKER_00]: So when it comes to meta, Amazon, Google already talked about how.
• 9:19
  [SPEAKER_00]: Um, Google basically cut ten percent of his VP and manager roles, Amazon's Andy Jassy.
• 9:26
  [SPEAKER_00]: Would you have to keep you have to keep no of these names.
• 9:29
  [SPEAKER_00]: A lot of people think of the illuminati as something that's like not out there.
• 9:33
  [SPEAKER_00]: You know, there's a reason.
• 9:35
  [SPEAKER_00]: Now I want to get canceled by this, but you know, as far as certain research that leads to certain actions, right?
• 9:42
  [SPEAKER_00]: There's people who actually pay attention to the names at the top of these companies.
• 9:47
  [SPEAKER_00]: And that's why I'm going to leave you that because I'm not trying to, I want the van's pulling up.
• 9:51
  [SPEAKER_00]: I'm just going to say, well, Luigi did was wrong, but the resource that he did lay him to his,
• 9:58
  [SPEAKER_00]: law breaking action because definitely law breaking is going to jail.
• 10:01
  [SPEAKER_00]: I'm not condoning it.
• 10:02
  [SPEAKER_00]: I'm just letting you know that as far as keeping a note of these names, you have to know who's at the top of the businesses.
• 10:10
  [SPEAKER_00]: So you can follow them to see who you want to work for and who you want to avoid going forward because maybe they
• 10:17
  [SPEAKER_00]: overtly showcased the morale, basically letting you know that their intentions are to like, is to scam you.
• 10:26
  [SPEAKER_00]: They like, they want to scam you.
• 10:28
  [SPEAKER_00]: You don't say it.
• 10:29
  [SPEAKER_00]: Sometimes you have to keep note of these names.
• 10:31
  [SPEAKER_00]: So Amazon's Andy Jassy said that A.I.
• 10:35
  [SPEAKER_00]: will reduce head count long term.
• 10:40
  [SPEAKER_00]: Saturday, Mr. Man, when when when when when people start talking like that,
• 10:47
  [SPEAKER_00]: You just got to think to yourself, man, you really have to use your twenty four hours in a day effectively, because right now we're in spooky times.
• 10:56
  [SPEAKER_00]: If you have a job, do not take that for granted, because the current workforce, I know I'm talking about the tech sector specifically, but this is just the work force in general.
• 11:06
  [SPEAKER_00]: I know people been getting laid off from other sectors of the workforce, and it has nothing to do with tech.
• 11:13
  [SPEAKER_00]: I think right now, which is in very interesting times, that's why you should definitely be grateful for whatever you have, whether it's a roof over your head, whether it's whatever type of disposable income you have, it's a very interesting time and society when all of these people are getting laid off at the same time, because we don't know what the long term ramifications are.
• 11:36
  [SPEAKER_00]: So when it comes to that, companies are also hiring fewer workers and investing more in GPUs and data centers than in traditional labor.
• 11:49
  [SPEAKER_00]: Let me repeat that one more time.
• 11:52
  [SPEAKER_00]: Companies are hiring fewer workers and investing more in GPUs and data centers than in traditional labor.
• 12:01
  [SPEAKER_00]: When she goes back to Amazon's Andy Jassie's point, AI will reduce head count long term.
• 12:10
  [SPEAKER_00]: And now you see all of these layoffs happening.
• 12:12
  [SPEAKER_00]: Now, one could say is not because of a lack of hot performers.
• 12:17
  [SPEAKER_00]: It's because of businesses wanting to take the shortcut
• 12:22
  [SPEAKER_00]: and save money on the back end by hiring these AI robots to do what humans used to do, which is a fair point.
• 12:29
  [SPEAKER_00]: Some would say that people talking about the fiscal year in the quarter one, two and three performance is over throughout twenty twenty five is taking away the fact that AI has evolved to a point where it could do a lot of complex complex tasks.
• 12:48
  [SPEAKER_00]: way quicker and more efficiently than humans can and I think we're seeing that in the number of layoffs currently.
• 12:56
  [SPEAKER_00]: So with that being said, it's very unfortunate.
• 13:02
  [SPEAKER_00]: The affected employees of Microsoft specifically, they're receiving sixty days of pay leave after signing.
• 13:09
  [SPEAKER_00]: That's more of a general, because it's over nine thousand.
• 13:12
  [SPEAKER_00]: So you don't know how many of those nine thousand employees are getting at sixty days of pay leave.
• 13:17
  [SPEAKER_00]: You would hope is all of them, but you never know.
• 13:20
  [SPEAKER_00]: They have until July eighth, so tomorrow they have until July eighth.
• 13:24
  [SPEAKER_00]: What if you listen to this in the future?
• 13:27
  [SPEAKER_00]: July eighth is when the affected employees can sign a severance agreement.
• 13:32
  [SPEAKER_00]: So, very unfortunate in today's society, I don't want to be the dead horse.
• 13:37
  [SPEAKER_00]: I just wanted to bring it to y'all's attention that the current society and the workforce is going under a huge turmoil as far as the battle between human and AI, which is why.
• 13:51
  [SPEAKER_00]: I talked about how the music industry specifically, because I get into music and gaming.
• 13:55
  [SPEAKER_00]: It's just things like this that affect overall gaming to the point where Xbox CEO Phil Spencer came out and talked about these layoffs saying that, well, addressing the cuts saying quote, follow Microsoft's lead and in removing layers of management to increase agility and effectiveness.
• 14:16
  [SPEAKER_00]: And that's from Phil Spencer.
• 14:17
  [SPEAKER_00]: I'll read it again quote, Phil Spencer said quote,
• 14:20
  [SPEAKER_00]: Follow Microsoft's lead and removing layers of management to increase agility and effectiveness.
• 14:28
  [SPEAKER_00]: Say they will live in it right now.
• 14:29
  [SPEAKER_00]: But anyways, as far as AR, I just talked about this gelatix of this year and broke down how AI is affecting even the music industry as far as
• 14:40
  [SPEAKER_00]: tools like music, L.L.M.
• 14:42
  [SPEAKER_00]: and ISO Tope, having a lot of let's just say creative freedom as far as taking from actual artists.
• 14:51
  [SPEAKER_00]: And I dive into specific examples as far as a timbulent in the way that he used AI to completely rip off an actual artist that he was quote unquote cultivating to be a star.
• 15:02
  [SPEAKER_00]: So
• 15:03
  [SPEAKER_00]: I impact that specifically.
• 15:04
  [SPEAKER_00]: So if you want to hear my coverage of AI, just type in AI, analytic dreams with the Z and the share pop up.
• 15:10
  [SPEAKER_00]: But as far as my coverage of this, that's all I have for you is very unfortunate.
• 15:15
  [SPEAKER_00]: Over fifteen thousand employees laid off by Microsoft specifically and an entire half of
• 15:23
  [SPEAKER_00]: as far as the first half of the year and a tech sector, seventy-six thousand, over seventy-six thousand have been laid off in the first half of twenty-twenty-five.
• 15:33
  [SPEAKER_00]: So that being said, click my link to my bio.
• 15:35
  [SPEAKER_00]: Let me know one of my social medias.
• 15:36
  [SPEAKER_00]: What do you think about Microsoft laying off over nine thousand workers just in July?
• 15:43
  [SPEAKER_00]: And with that being said, what is your overall reaction to the current landscape of the workforce?