More evidence the layoffs are 100% BS. Suddenly there's surplus headcount and magical budgets out of nothing, all to accommodate several hundreds of people with way-above-market-average TCs. It's almost like they were never in danger of hurting profit margins in the first place.

Options on Microsoft stock, a publicly-traded and stable company, are incomparable to those on OpenAI, which didn't even bother having proper equity to start with. The employees will get hosed. They never got equity, they got "equity." The senior ones will need liquidity, soon, to pay legal counsel; the rest will need to take what they can get.