They’re not too happy, and they may even write a strongly worded email expressing their unhappiness.
They didn’t even slam them.
Or even give them a good BLAST.
The FTC Bukkakes Microsoft Over Activision Blizzard layoffs
That’s the kind of click bait we need.
You jest, but the FTC is trying to appeal (undo) the merger in court, and this makes their case a lot stronger: https://www.reuters.com/markets/deals/us-ftc-tries-again-stop-microsofts-already-closed-deal-activision-2023-12-06/
For a 68,000,000,000$ deal, even if this helps the FTC by 1%, that’s a huge risk
You took all that effort to put the zeros and commas in, but put the $ on the wrong side of the number.
Neat.
Probably European.
What?? On the internet???
Eli5 please… in lieu of US trust busting, couldn’t literally any government entity like the EU, where msft etc Al do business, have stopped this acquisition? How did this happen in the first place?
And yet
What did they think was going to happen?
Well I for one am shocked to see a megacap do significant layoffs after M&A, talk about breaking with tradition!
They talk about broken promises and misrepresentation of what they would do after the merger. Corporations aren’t people and don’t have morals to stop them from breaking promises or just flat out lying. The only way they will do anything is if it makes them money or they are forced (regulated)
Corporations aren’t people and don’t have morals to stop them from breaking promises or just flat out lying
I think this is pure bullshit. In the end corporation are guided by people, who make decision and have a clear chain of command. When a corporation promise something, there are people behind that signed off the promise.
And you can punish a corporation by simply punishing the people who sign off what the corporatoion does, at any level. I mean, it is good to be the CEO and get the big bucks, fine, but if the corporation you are CEO of does something wrong it is your responsability to fix it and take the punishment for it.
There aren’t laws saying the company had to tell the truth, so if they lie, what’s the punishment?
Edit: also, wouldn’t the power to punish them have to come from some sort of law or regulation? 🤔
There aren’t laws saying the company had to tell the truth, so if they lie, what’s the punishment?
Try to sign a contract (as company) lying about your obligations as see how it work.
What is missing is the will to punish them.
I agree with you, but the organizations clearly have no morals. If you want to infer that means the boardroom occupants are a bunch of ghouls then sure. But we haven’t meaningfully held an executive to account for a corporation’s actions for a long time. The end effect is a sociopathic pursuit of money.
But we haven’t meaningfully held an executive to account for a corporation’s actions for a long time.
That’s exactly the problem but it not the same than saying “Corporations aren’t people and don’t have morals”.
Where’s the morality then? What have they done for their employees and customers that wasn’t forced by law?
Nothing. Which is what is showing that companies could be punished for not following the laws.
I don’t think I’ve seen a game studio acquisition happen without layoffs of some sort. Doesn’t make it right, but it does seem like a horrible routine.
I don’t think I’ve seen a game studio acquisition happen without layoffs of some sort. Doesn’t make it right, but it does seem like a horrible routine.
It really depends on if the layoffs were done because they were duplicate people for the same job position, versus clearing house so that the stockholders are happier by having better profits.
Yeah but 1,900 staff, come the fuck on that’s a mass exodus not a layoff. I’m in a company of 300+ people and it’s a HUGE number of people, I can hardly process over 6x as many layoffs…
Oh absolutely agreed. It just sucks that this isn’t unusual, no matter how small or great the number. Hope the peeps get snatched up by better studios
This also pretty shitty on account that Kotick initiated loads of layoffs just before acquisition talks were even public. This is usual practice to make the company seem more valuable.
I’m guessing because they haven’t been paid their share of the profits and savings. FTC only cares about themselves nothing more.
Like when do big mergers like this not end in layoffs? The redundancy in management wouldn’t make sense. Like what does the FTC think Microsoft was going to do? 😆
It was more than just managers and redundant positions that were laid off. And it was mostly blizzard employees laid off specifically.
Also
/no please don’t attack this innocent multi trillion dollar company
lol, ok
