#1 Microsoft Cuts 5,000 Jobs as Recession Curbs Growth01-22-2009, 11:40 AM
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."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
01-22-2009, 01:35 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.Better to die on your feet than live on your knees.
01-22-2009, 01:42 PM
That's a whole lot of Indian/Paki H1-B visa engineers out or work.
Think they might GO HOME?
rm -rf obama*
01-22-2009, 04:44 PM"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
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