Corporate Profits
Ongoing coverage on Corporate Profits.
Latest coverage
Bernie Sanders Rips Microsoft For Xbox Layoffs And Price Hikes
US Senator Bernie Sanders has criticized Microsoft for recent layoffs affecting 4,800 employees, including 3,200 at Xbox, and for increasing the price of the Xbox Series X. Sanders highlighted Microsoft's substantial profits and CEO's compensation, arguing that corporate tax breaks do not create jobs and that these actions contradict such benefits.
Bernie Sanders is mad about the Xbox layoffs
US Senator Bernie Sanders has criticized Microsoft and Xbox following recent layoffs, highlighting the company's significant profits and executive compensation. Sanders argued that corporate tax breaks do not create jobs and that the layoffs, coupled with a price increase for Xbox, demonstrate a flawed economic system. The article also references Sanders' past criticism of Bobby Kotick and the FTC's opposition to Microsoft's acquisition of Activision Blizzard.
