Microsoft getting ready to lay off 17% of staff
,----[ Quote ]
| The rumor that Microsoft was set to lay off people on
| January 15th, 2009 is no longer a rumor but a fact. Staff
| at Microsoft have been informed that the company is
| readying major layoffs to its worldwide operations and it's
| not a small cut, either.
|
| 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.
`----
http://www.fudzilla.com/index.php?option=com_content&task=view&id=11142&Itemid=38
Debt will come more quickly:
Microsoft May Accelerate Buybacks
,----[ Quote ]
| Given the recent weakness in Microsoft's stock, we have
| assumed the company will likely accelerate its pace of
| buyback from the September quarter of $6.6 billion to
| roughly $8 billion for the next several quarters, resulting
| in a net reduction in fully diluted shares outstanding of
| 300 million per quarter.
`----
http://online.barrons.com/article/SB123067859048643923.html?mod=googlenews_barrons
Related:
Ex-Microsoft boss sentenced
http://seattlepi.nwsource.com/business/371393_msftcourt19.html
Former Microsoft Manager Gets 2 Years In Jail
http://news.portalit.net/fullnews_former-microsoft-manager-gets-2-years-in-jail_1427.html
|
|
