Thread: Microsoft Cuts 5,000 Jobs as Recession Curbs Growth

Results 1 to 4 of 4
  1. #1 Microsoft Cuts 5,000 Jobs as Recession Curbs Growth 
    Senior Member tacitus's Avatar
    Join Date
    Jan 2009
    Location
    Colorado
    Posts
    724
    link to the article

    an. 22 (Bloomberg) -- Microsoft Corp. 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 $1.5 billion, Microsoft said today in a statement. The company will also eliminate merit-based pay raises, cut travel costs and reduce the use of contractors to shore up profits.
    My son is a trainer for M$ :(
    "If every poor man is to come here and start requesting money for all his children, the applicants will never be satisfied and the nation's finances will collapse." Emperor Tiberius: Tacitus:Annals




    Reply With Quote  
     

  2. #2  
    Senior Member AlmostThere's Avatar
    Join Date
    May 2008
    Location
    A Great Red State
    Posts
    1,920
    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.
    Better to die on your feet than live on your knees.
    Reply With Quote  
     

  3. #3  
    Super Moderator BadCat's Avatar
    Join Date
    May 2008
    Location
    In your dreams
    Posts
    15,600
    That's a whole lot of Indian/Paki H1-B visa engineers out or work.

    Think they might GO HOME?

    rm -rf obama*
    Reply With Quote  
     

  4. #4  
    Senior Member tacitus's Avatar
    Join Date
    Jan 2009
    Location
    Colorado
    Posts
    724
    Quote Originally Posted by BadCat View Post
    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.
    "If every poor man is to come here and start requesting money for all his children, the applicants will never be satisfied and the nation's finances will collapse." Emperor Tiberius: Tacitus:Annals




    Reply With Quote  
     

Bookmarks
Bookmarks
Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •