Could 18,000 Layoffs Be a #PRWin for Microsoft?
If your stock portfolio contains Microsoft, today is a good day. If you happen to work for Microsoft, then it probably isn’t.
In case you’ve been living underneath a rock, the company announced this morning that it would eliminate up to 18,000 jobs, canning 14% of its workforce.
That’s a big deal on its own, but it isn’t the only story making headlines.
In fact, investors seem quite happy with the news.
New York magazine’s headline reads: “Microsoft Just Laid Off Thousands of Employees With a Hilariously Bad Memo“.
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