MarketFoolery 07.17.2014
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 17 July 2014
⏱️ 14 minutes
🧾️ Download transcript
Summary
Microsoft lays off 18% of its workforce, while Morgan Stanley and Mattel report earnings that look nothing like one another.
Transcript
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| 0:00.0 | It's Thursday, July 17th. |
| 0:03.3 | Welcome to Mark Thoolery. |
| 0:04.5 | I'm Chris Hill joining me in studio today |
| 0:06.1 | for Motleyful rulebreaker Simon Ericsson |
| 0:08.2 | and from fool.com David Hanson. |
| 0:10.0 | Happy Thursday, Jenz. |
| 0:11.1 | Yo. |
| 0:11.7 | Thanks, Chris. |
| 0:12.6 | Big weekend plans? |
| 0:13.6 | Never. |
| 0:14.6 | See, the difference between you and me is when people ask me that, I give the same answer, but |
| 0:20.8 | that's because my weekends are taken up with you know kids and and |
| 0:25.2 | I have no excuse you no no you're planning a wedding so I got that I mean do you are you |
| 0:29.5 | planning a wedding I am that takes a while oh wow I did not not know that congratulations. Let's keep this a wedding free zone. |
| 0:35.4 | You know what I've been there and I know the importance of wedding free zone so let's move on |
| 0:40.9 | we will talk earnings we've got financials, we've got the toy industry, |
| 0:45.3 | but let's start with Microsoft. Last week there were rumors and reports that Microsoft was going to lay off somewhere in the neighborhood of 5,000 to 6,000 people. |
| 0:56.0 | This morning, CEO Sathia Nandella sent an email to all of Microsoft's employees. |
| 1:03.3 | And the subject line on the email was, |
| 1:05.0 | starting to evolve our organization and culture. |
| 1:08.8 | And the end result, Simon, is that they're cutting |
| 1:11.6 | 18,000 jobs over the next 12 months. |
... |
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