In July Microsoft announced intentions to layoff 14% of it's global workforce. This equates to 18,000 employee pink slips.
Since then:
- The company increased shareholder dividend payments by 11%
- Wall street has boosted it's total stock market value by 7%
- Steve Ballmer* and Bill Gates equity holdings gained $2,019,000,000
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"I Knew I'd Make That $2 Billion Back Somehow", Steve Ballmer thought to himself |
The software giant has accomplished all this just halfway through the layoff binge. Just imagine how profitable it will be when thousands more of their people are shown the door.
*Ballmer bought the NBA franchise Los Angeles Clippers for $2 billion this summer. Since he purchased the team, the value of his stock in Microsoft increased $1 billion.
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