News for hackers. Stuff that matters.
Re:Microsoft to lay off 11,000 employees by HillRat on Tuesday January 17, 2023 @04:47PM (#34419806)
They haven't said so yet -- perhaps they'll clarify on the call tomorrow -- but they'll probably take down new debt to make this happen; it's a good time to go to the markets, and a lot of their cash is parked overseas. Fitch recently announced they're withdrawing their ratings for MSFT debt, so that's probably an indication they expect a significant amount of the purchase price to come from new issuances.
Re:Microsoft to lay off 11,000 employees by za3faran on Tuesday January 17, 2023 @09:05PM (#34422547)
> they'll probably take down new debt to make this happen; it's a good time to go to the markets

How so with interest rates that keep going up?