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Microsoft CEO: SAP Buy Speculation a Market Rumor
,----[ Quote ]
| On the company's move to cut staff numbers, Mr. Ballmer said Microsoft may
| reevaluate its plans for job cuts, suggesting that more reductions could be
| in store if the U.S. economic downturn worsens.
`----
http://online.wsj.com/article/SB124211859458310117.html
US job cuts slow; worst may be over
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| DuPont Co. and Microsoft Corp. this week said more staff reductions may be
| necessary. Part of the reduction in job losses in April was due to a jump in
| government jobs, spurred by the hiring about 60,000 people to help in the
| 2010 census.
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http://businessmirror.com.ph/home/world/10050-us-job-cuts-slow-worst-may-be-over.html
U.S. Workers' Wages Stagnate As Firms Rush to Slash Costs
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| In March, staffing agencies that work for Microsoft agreed to a 10 percent
| reduction in their bill rate.
`----
http://www.washingtonpost.com/wp-dyn/content/article/2009/05/02/AR2009050202207.html?hpid=topnews
This is almost the equivalent of cutting an additional 10% of this staff.
Recent:
Microsoft slashes rates for temp workers, blaming bad economy
,----[ Quote ]
| Microsoft, citing the "realities of a deteriorating economy," will reduce by
| 10 percent the amount it pays employment agencies for many of its temporary
| workers -- and cut by 15 percent the target billing rate for future temporary
| work.
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http://www.techflash.com/microsoft/Microsoft_slashes_rates_for_temp_workers_blaming_bad_economy_40321577.html
Microsoft reaffirms grim outlook for year
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| Shares of Microsoft sank 58 cents, or 3.4 percent, to $16.63 in midday
| trading amid a broader market sell-off.
`----
http://seattletimes.nwsource.com/html/localnews/2008780059_apmicrosoftanalystmeeting.html?syndication=rss
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