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Everyone Expects Microsoft To Announce Layoffs (MSFT)
Silicon Alley Insider —
Analysts figure Microsoft (MSFT) will miss on its earnings this afternoon, posting a profit that fails to meet even its own guidance. These analysts also figure that probably means long-rumored layoffs will finally come to the Redmond, Washington-based software giant. The only real debate is over whether Microsoft will cut a big chunk all at once or slowly wheedle away at its workforce with targeted cutbacks and attrition. McAdams Wright Ragen analyst Sid Parakh told Reuters he sees a big axe dropping: "Checks indicate that ...
Earnings Preview: Analysts Anticipate Microsoft To Miss Projections; Apple Still Inspires Hope
paidContent —
... Citigroup analyst Brent Thill doesn't expect Microsoft to announce layoffs, though he does expect the company's earnings to come up short of its earlier projections. Thill thinks that Microsoft tell investors that the company plans to cut back on hiring and contract employees. However, McAdams Wright Ragen analyst Sid Parakh does believe Microsoft will announce cuts of 6,000 to 8,000 employees, or 6 percent to 8 percent of its 95,000 workforce, Reuters reported. The bearish view of Microsoft is primarily based on poor sales of Windows as the PC ...
Microsoft Layoffs: There’s a First Time for Everything
Digital Daily —
... Well, there’s a first time for everything. And Microsoft’s may come this week. When the company posts second quarter financials Thursday, analysts expect it to miss its earnings per share forecast and to outline a series of cost-cutting measures. “Checks indicate that Microsoft is likely to engage in headcount reductions to the tune of 6,000 to 8,000 employees or 6 percent to 8 percent of its 95,000 workforce,” McAdams Wright Ragen analyst Sid Parakh told Reuters. “Our checks also revealed some speculation over the potential for a second round of ...
Around the Web 1.21.09: Obama's bulletproof suit, hackers in Heartland, SEC investigates Steve Jobs' health disclosure
L.A. Times Tech Blog —
... trading on IBM's not-terrible forecast. AP via LAT
-- The SEC is investigating whether investors were misled about Steve Jobs' health. Bloomberg
-- Hackers get into the computer system of Heartland Payment Systems. It processes 100 million credit card transactions a month. USA Today
-- Some are predicting that Microsoft will have some bad numbers when it announces earnings Thursday. Reuters
-- Ericcson reports a profit but still wants to cut 5,000 ...
Job Cuts Expected at Microsoft
ClickZ News Blog —
In advance of its earnings tomorrow, Reuters reports Microsoft is likely to cut thousands of jobs due to lower than anticipated revenues.
What to watch for when Microsoft reports its earnings
The Microsoft Blog —
Microsoft reports its second quarter earnings Thursday afternoon. Here's what to look for: 1. Layoffs Will Microsoft lay off any of its employees? Speculation has swirled for a month now about upcoming job cuts. But despite article after article and analyst report after analyst report the speculation has not advanced since anonymous blogger Mini-Microsoft first set off ...
Microsoft expected to cut thousands of jobs as profit weakens
MacDailyNews —
Microsoft expected to cut thousands of jobs as profit weakens Wednesday, January 21, 2009 - 06:34 PM EST "Microsoft Corp is expected to post a quarterly profit that misses its own target and announce thousands of job cuts this week as the global economic slump hurts even the technology industry's biggest players," Franklin Paul and Jim Finkle report for Reuters. MacDailyNews Take: Except for one, boys, except for one: Apple demolishes Street with best quarterly revenue and earnings in company history in fiscal Q109 ...
Roundup: Tech salary raises in ‘08, Supreme Court knocks down anti-porn law, and more layoffs
VentureBeat —
Here’s the latest action, depressing as half of it is:
Apple will make an appearance at the Consumer Electronics Show in 2010 (at least in spirit) — The company has already said it will stop attending the Macworld event, so rumors that it will go to CES instead, persist. Apple or no Apple, CES is doing its best to woo the third-party developers and manufacturers with what has been dubbed the iLounge Pavilion for iPod and iPhone products.
Electronic Arts’ Tiburon, Fla. studio affected by layoffs — No one expected that EA laying off 10 percent of its staff would mean job losses for ...
