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Microsoft offers “voluntary” layoffs to 60,000 as bosses make workers pay for AI gamble

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Microsoft offers “voluntary” layoffs to 60,000 as bosses make workers pay for AI gamble

The whole capitalist class has proven that it is unfit to control this technology and it is unfit to run society. #ArtificialIntelligence #labor

Directly affected

  • MSFT Microsoft+7.1% 30d

    Named in this report.

Indirectly affected

  • QQQ Invesco QQQ+0.4% 17d

    Invesco QQQ: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story.

  • AIQ Global X Artificial Intelligence & Technology ETF-2.2% 30d

    Global X Artificial Intelligence & Technology ETF: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story.

  • GOOGL Alphabet-8.2% 30d

    Alphabet (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.

  • AMZN Amazon.com+0.2% 30d

    Amazon.com (catalog and mail-order houses): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.

  • META Meta Platforms-6.0% 30d

    Meta Platforms (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.

  • NVDA Nvidia+1.8% 30d

    Nvidia (semiconductors and related devices): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
MSFT+0.23%-1.36%baseafter closeafter closeafter closeafter close
QQQ+0.56%-2.36%baseafter closeafter closeafter closeafter close
AIQNo price data for this ticker———————
GOOGLNo price data for this ticker———————
AMZNNo price data for this ticker———————
METANo price data for this ticker———————
NVDANo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

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Microsoft offers “voluntary” layoffs to 60,000 as bosses make workers pay for AI gamble Liberation News

Source: Liberation News

This story

CompanyWhenMoveStatus
MSFTthree days earlier-1.36%final price
MSFTfive days earlier+0.23%final price
QQQthree days earlier-2.36%final price
QQQfive days earlier+0.56%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

This story

12 out of 100

“Microsoft offers “voluntary” layoffs to 60,000 as bosses make workers pay for AI gamble” scores 12 out of 100. The score uses 1 sources.