Microsoft drew a profit of $27.2 billion in the last quarter of FY25, driven by demand for the cloud and AI. Overall, it recorded profits of over a hundred billion dollars in the entire fiscal year.

    • PhilipTheBucket@quokk.au
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      1 day ago

      I mean the private equity people get rich. It works for them. Sure, the hospitals / software companies / investors / employees / customers all suffer, but fuck 'em.

      • mojofrododojo@lemmy.world
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        19 hours ago

        in a way… private equity blocks of institutional investment represent a huge chunk of outstanding shares.

        and one of the cruel aspects of all this: so many of those devs were drawn to work for MS subsidiaries - or their companies were drawn to sell to MS - because of stock options. Stock options which - for the vast majority of those devs - will never vest, and they’ll be shitcanned, and their shares will go back to the mothership.

        Stock options are a huge component when people are negotiating and studios are selling out, but only the top tier executives will ever get good shares vested in a sane timeline. The rest get it dangled to keep them onboard, then yanked because of a mythical need to cut costs when profits are through the roof.