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Re: Google secretly laying of TEN THOUSAND (10,000) employees

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____/ Rex Ballard on Thursday 27 November 2008 18:15 : \____

> On Nov 27, 12:23 am, "Ezekiel" <Z...@xxxxx> wrote:
>> "Roy Schestowitz" <newsgro...@xxxxxxxxxxxxxxx> wrote in message
>> news:2770286.JhMZrex1GH@xxxxxxxxxxxxxxxxxx
>> Wow... out of 10's of thousands of Microsoft employees
>> a whole 25 were let go.
>> <quote>
>> In the background Google has been laying off people since August, and that
>> number is expected to climb toward 10,000 according to WebGuild.
>>   Since August, hundreds of employees have been laid off and there are
>> reports that about 500 of them were recruiters for Google.
>> But because Google is a publicly traded company they're legally required to
>> announce when layoffs are occurring.
>> </quote>
>> http://tech.blorge.com/Structure:%20/2008/11/24/job-cuts-at-google-ju...
> Google has been using independent contractors for years.  Corporations
> are only required to report layoffs because it transfers expenses to
> liabilities when pensions, 401K obligations, and unemployment or
> severence penalties increase liabilities or reduce capital (profit) to
> the company short-term.
> Contractors are easier to release, but more expensive to pay.
> Typically, an independent contractor will make twice as much as a
> salaried employee, and cost even 3 times as much if they are working
> for a large consulting firm.
> Microsoft has other problems though.  They have been funding vista
> distribution, selling off assets to fund inventory transfers, which
> have noot been sold very successfully.  The net result has been that
> Microsoft has a bunch of receivables that aren't due until licenses
> are actually used, and the licenses aren't actually being used.  As a
> result, the revenue is being reported in the form of receivables - and
> Microsoft has had to open it's first line of credit to fund lack-
> luster Vista and Office sales.
> Microsoft has also tried to "advertize it's way out of the problem" -
> primarily to try and keep the editorial departments of major news
> media outlets from covering competitors such as Apple, Linux, and Sub-
> Notebooks powered by Linux in a really favorable way.  As a result,
> the editorial departments are still deferring to Microsoft - letting
> them rewrite copy before it is published.
> At some point, Microsoft may have to "pull the plug" - especially if
> it tries to buy Yahoo- which will have Microsoft attempting to shut
> out revenue streams from publishers who have been getting advertizing
> revenue via Yahoo and Google without having to pay that much (because
> they are content providers).

Based on what I've been hearing, Microsoft does the same as Google (lets people
go). Remember those visas and temps?

The 'firing line' of Microsoft Munchkins speaks volumes about fear.

- -- 
                ~~ Best of wishes

Roy S. Schestowitz      | "The speed of time is one second per second"
http://Schestowitz.com  |  GNU is Not UNIX  |     PGP-Key: 0x74572E8E
      http://iuron.com - proposing a non-profit search engine
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