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View Full Version : Microsoft Cuts 5,000 Jobs as Recession Curbs Growth



tacitus
01-22-2009, 12:40 PM
link to the article (http://www.bloomberg.com/apps/news?pid=20601087&sid=aZD9lJuxkzR0&refer=worldwide)


an. 22 (Bloomberg) -- Microsoft Corp. (http://www.bloomberg.com/apps/quote?ticker=MSFT%3AUS) will cut as many as 5,000 jobs, its first companywide firings, and said sales and profit will probably drop as the global recession eats into demand for software. The stock fell the most in three months. The reductions, about 5 percent of its workforce, will take place in nearly all areas and will help save $1.5 billion, Microsoft said today in a statement. The company will also eliminate merit-based pay raises, cut travel costs and reduce the use of contractors to shore up profits.


My son is a trainer for M$ :(

AlmostThere
01-22-2009, 02:35 PM
Google has been quietly laying off workers for 6 months. Now Microsoft is axing 5000. California and South Carolina can't pay the electric bill. Folks, if I were you I'd be stashing cash in the mattress.

BadCat
01-22-2009, 02:42 PM
That's a whole lot of Indian/Paki H1-B visa engineers out or work.

Think they might GO HOME?

tacitus
01-22-2009, 05:44 PM
That's a whole lot of Indian/Paki H1-B visa engineers out or work.

Think they might GO HOME?

Nope they'll probably join the horde of illegals we already have.