nixCraft 🐧Aug 1, 2025

Microsoft just became the second company valued at over $4 trillion. How did they do that?

They fired over 15K developers and IT workers this year, saying cost cutting was needed. They also spent over $18 billion on stock buybacks, and the board approved $60 billion in buyback options. They poured $100 billion into AI.

Meanwhile, Microsoft's Satya Nadella says job cuts have been 'weighing heavily' on him https://www.cnbc.com/amp/2025/07/24/microsoft-satya-nadella-memo-layoffs.html

Seriously? I am speechless. Such a brilliant business model 🤡

Microsoft's Satya Nadella says job cuts have been 'weighing heavily' on him

After eliminating over 15,000 positions this year, Microsoft CEO Satya Nadella now says the company's mission needs to change due to the rise of AI.

CNBC
VoAug 1, 2025
Show threadnixCraft 🐧

How do you become a successful CEO in a tech company? Some tips:
+ Must be able to fire a large number of employees
+ Must be able to buy back stock in large quantities
+ Must be able to replace as many jobs as possible with AI
+ Must be able to justify firing and make it all about you

Can you do all that and sleep peacefully?

Aug 1, 2025 at 4:27amWeb
Show threadPreston von GabbleduckAug 1, 2025
@nixCraft <Helen Lovejoy gif> "Oh won't someone think of the poor billionaires?"
Show threadRamin HonaryAug 1, 2025

@nixCraft @backupbear

This slash-and-burn-for-profits-above-all-else mentality will eventually cause the economy to collapse. At some point there will just be no more money left for the ultra-wealth to steal, they will literally have it all, at which point the value of the petro-dollar will probably drop to nearly zero, and they be left with trillions of units of worthless money. Trump’s “Big Beautiful Bill” is going to accelerate this race to the bottom, the whole bill legalizes every kind of protection racket scheme ever conceived, giving billionaires rights to shake-down the poor in ways we have never seen before.

I kind of want it to happen, so this evil empire finally collapses. But I know we will experience a great depression worse than what we saw in the 1930s, who knows how much needless death and destruction that will cause.

Show threadQuokka (on the move...)Aug 1, 2025
@nixCraft It's the last point that's important. Got to be able to do the things in cold blood, reciting "For shareholder value!" at every action.
Show threadMaria “indigoviolet” IvyAug 1, 2025
@nixCraft
+ Cisgender
+ Heterosexual
+ White
+ Male
Show threadEpistomaiAug 1, 2025
@nixCraft I swear he is worse than the previous a**hole
Show threadLudwig VielfrassAug 1, 2025
@nixCraft Funny how all these Geniuses of Industry tell us peons we should have six months income worth of reserves, but by week 2 of COVID shutdowns they were all in an absolute panic over their bottom lines.
Show thread廃墟猫 🐈🌈🐈‍⬛🐈🐈‍⬛🐈‍⬛Aug 1, 2025

@nixCraft there's a reason most ceos are sociopaths.

And it's obvious why AI is so important to these people.

But who's gonna buy their shit when no-one has a job?

Show threadUsagiAug 1, 2025
@Haikyoneko @nixCraft
They will assume there is endless supply of people to rob until there is not.

We have already seen how that worked out during the Great Depression, especially in Germany. ​​
Show threadMrGrumpyMonkeyAug 1, 2025
@Haikyoneko @nixCraft That's the best part. They haven't figured that out yet.
Show threadFuseAug 1, 2025

@nixCraft

"Can you do all that and sleep peacefully?"

You didn't finish the sentence. Here, I corrected it for you:

Can you do all that and sleep peacefully while hanging upside down wrapped in your leathery wings?

Show threadUnredacted Epstein files nowAug 1, 2025
@nixCraft I would have thought that AI bots could do the same shit for less.
Show thread[email protected]Sep 1, 2025
@nixCraft