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10 Predictions for 2009 In the World of Tech
louisgray.com —
... The layoff parade in 2009 will not be limited to unprofitable companies, small companies or practically any category of companies. The doom and gloom that have hit the financial markets, advertising, real estate and almost every sector will continue through the first half of the year, before starting to see a rebound in the third quarter. You will see strong companies like Microsoft lay off thousands, and practically everyone will not be renewing contract positions that have concluded - even Google and Apple. ...
Rumors suggest Microsoft layoffs next month
VentureBeat —
Unsubstantiated rumors are swirling that Microsoft is planning layoffs next year. One blog, Fudzilla, claims to hear that the company is preparing to lay off as much as 15,000 of its 90,000-employee company, or around 17 percent of its staff, before its quarterly earnings report on January 22nd. Another blog, Mini-Microsoft, has published a long list of quotes, off the record comments and other insider info of various sorts that indicate layoffs may be happening — or not.
So we don’t really know anything yet, as a Microsoft spokesperson declined to comment when we asked about imminent layoffs. The only piece of tangible ...
Microsoft to Layoff 17% of Staff?
Search Engine Journal —
I know it’s not so nice to usher in the first day of the new year with such a bad news. But hey, everybody is talking about it and Fudzilla broke the news. It looks like the rumored Microsoft layoff may actually push through. And it even already has a date - January 15th.
Microsoft staff are said to have been informed already that the major layoff will actually happen and that the company is already preparing to implement the massive layoff, totalling to around 15,000 Microsoft employees worldwide. That equates to almost 17% of the total Microsoft employees all over the world. (more…) ...
Microsoft Firing 15,000 People On Jan 15? Unlikely (MSFT)
Silicon Alley Insider —
... it would likely sell rather than shut down divisions, including MSN (If Microsoft wants to get out of the consumer Internet business, which it should, the best way to do it is to spin its online operations into Yahoo in exchange for a big piece of the company.) Microsoft just hired a new head of MSN, and it is certainly possible that he will make some cuts. But 15,000 sounds extreme.
Could Microsoft trim some fat in two weeks? Absolutely. But a 17% cut is more than fat.
Fudzilla (via ArsTechnica): The rumor that Microsoft was set to lay off ...
The Wisdom - or Lack Thereof - of Microsoft’s Layoffs
WatchMojo.com Business & Technology —
There’s a rumor out there that MSFT is looking at shedding some headcount, too. From Fudzilla (via ArsTechnica and via SAI):
Currently Microsoft employs about 90,000 people across the world and from what we’re hearing, some 15,000 of those are expected to be giving marching orders come January 15th. That’s almost 17 percent of Microsoft’s total work force, not exactly a small number.
I would agree with MSFT using this downturn as an opportunity to lay off, say, 1,500 people, for example, but 15,000?
MSFT is already burdened with the image of a mature stock, whose ...
Microsoft to cut up to 15,000 jobs?
TG Daily - All News —
Redmond (WA) Rumors about substantial cutbacks at Microsoft have been circulating for at least two months, but have not been confirmed by credible sources. The rumors were reignited by Fudzilla , which claims that the axe will fall on January 15 and affect about 15,000 employees. Such a cutback would translate into a 17% reduction Microsofts global workforce of 90,000 people. Fudzillas sources indicate that MSN will take the brunt of the layoffs and the companys EMEA region will be hit harder than any other geography. While January 15 has been the target date for potential layoffs for some time there is doubt whether the company will indeed announce cutbacks ...
Report: Microsoft May or May Not Announce Layoffs
Digital Daily —
With the economy continuing to sour and consumer tech spending slowing, speculation is running rampant that Microsoft (MSFT) may soon join the sad conga line of tech companies announcing layoffs. According to an unsubstantiated, poorly sourced report currently making the rounds, Redmond is steeling itself for a massive Jan. 15 staff reduction — one that would affect some 15,000 employees — about 17 percent of Microsoft’s global workforce. Quite a deep cut — if it were to happen. Though there’s not much reason to believe it will. After all, the source of the report is a site whose name begins with FUD (fear, uncertainty and doubt). ...
Stocks in the news: C, TWC, VIA, MSFT, GM, F, WFC, BAC, AAPL, NOK
BloggingStocks —
Filed under: Deals, Microsoft (MSFT), Apple Inc (AAPL), Ford Motor (F), General Motors (GM), Viacom (VIA), Nokia Corp. (NOK), Citigroup Inc. (C), Bank of America (BAC), Merrill Lynch (MER), Wachovia Corp (WB), Wells Fargo (WFC), Time Warner Cable (TWC)Citigroup Inc. (NYSE: C)'s CEO Vikram Pandit, chairman Win Bischoff, and board member Robert Rubin will forgo 2008 bonuses. This comes, of course, after the bank lost three-quarters of its market value and got a $45 billion U.S. bailout. Time Warner Cable (NYSE: TWC) and ...
Rumors Of Microsoft's 15,000 Person Staff Cuts
WebProNews Feed —
[image] MS logo Are the rumors true? Reports have emerged that Redmond based tech giant Microsoft is set to slash its global workforce, as the pressure of the current financial crisis takes hold. Last month, speculation started that Microsoft was looking to cut its staff early in the New Year, with unconfirmed reports suggesting several thousands of employees would start 2009 looking for new jobs. If the rumor mill is to be believed, the cuts will be in the vicinity of 15,000 employees - approx 17% of all Microsoft staff, and d-day was marked as the 15th Jan 2009. With only a week or so until the anticipated day of dismissals, there has still been no ...
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