Microsoft Chief Executive Officer Satya Nadella kicked off one of the largest layoffs in tech history on Thursday. Over 18,000 jobs will be cut from the organization. The cuts will happen over the next 12 months. Stock prices rose on the news. He’ll probably get a bonus for being bold.
Personally, this is a typical response from a leader without ideas. Cuts and reorganizations are signs of troubled leadership. Cuts need to be at the top but it’s too easy to cut the factory worker’s job.
This is another example of supply-side economics ideology ruling executive thoughts while workers are ignored. Actually, the news that Microsoft is going to shed thousands of jobs is not a surprise after reading the CEO’s open email published the other day.
There was a time that IBM was respected because they knew to take care of their workers. For decades they had a policy that no one was to be fired. It was a perfect move needed during a traumatic time. Now we have arrogant, thoughtless blowhards operating billion dollar companies seeking immediately stock positions.
Microsoft will pay for this move because there are now 18,000 tech oriented people who are not fans of the company.