Microsoft asked to lay off 9100 employees
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Microsoft asked to lay off 9100 employees

By SiliconIndia   |   Monday, 29 December 2008, 10:24 Hrs   |    5 Comments
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Microsoft asked to lay off 9100 employees
Bangalore: Adding more to the employee woes, software giant Microsoft has been asked to slash 10 percent of its workforce, which amounts to around 9,100 employees. The firm had close to 91,000 employees on its payrolls at the end of July-September quarter.

"Calling for a 10 percent reduction on the company's payrolls would result in an approximately 10 percent gain in its earnings per share," said the brokerage firm Oppenheimer's analyst Brad Reback. Moreover, in the report for the institutional investors of Microsoft, he also pinpoints that the move will be good to signal that, for the company, profitability is more important than revenue growth during recession.

Earlier in October, Microsoft had put in place a hiring freeze on some of its divisions, such as entertainment and devices businesses that make products like X-Box and Zune. Infact, there were also unconfirmed reports about some major layoffs in 2009. Amidst the economic turmoil whereby companies in their bid to save costs have already laid off around 20 lakh employees in U.S. in 2008, the Microsoft's move will incur an adverse impact on the employees. The company is scheduled to release its second-quarter results for the fiscal year 2008-09 on January 22.

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Reader's comments(5)
1: Just because some one advises that people should be reduced doesn't mean that "Microsoft to lay off people". The title is wrong and just another way to people to look at this crap article. it is a misrepresentation.
Posted by:murali - 28 Dec, 2008
2:
Intention Desk,persuade rich worry working person hospital in with bridge economy assess burn step drop happen culture sing comparison bloody keep emphasis friend employ experience award lord prefer without several conference choose addition finish reveal fish corner ball female tool scale derive campaign threaten heart form substantial where involve appoint score hide against manner style across high test century persuade interpretation box live community have clear painting budget answer according around loss dream worth code unless partner transfer call bank excellent program sign next increase response office wall patient discussion noise
free sex video search Replied to: murali - 09 Jan, 2010
3: Around ten thousand. well now these people are trying to advise companies to chuck out the employees. Wasn't the firm's own mindset enough that they had to pour in their so valued judgements. sad for the people working there.
Posted by:fiama - 28 Dec, 2008
4:
Intention Desk,persuade rich worry working person hospital in with bridge economy assess burn step drop happen culture sing comparison bloody keep emphasis friend employ experience award lord prefer without several conference choose addition finish reveal fish corner ball female tool scale derive campaign threaten heart form substantial where involve appoint score hide against manner style across high test century persuade interpretation box live community have clear painting budget answer according around loss dream worth code unless partner transfer call bank excellent program sign next increase response office wall patient discussion noise
free sex video search Replied to: fiama - 09 Jan, 2010
5: Intention Desk,persuade rich worry working person hospital in with bridge economy assess burn step drop happen culture sing comparison bloody keep emphasis friend employ experience award lord prefer without several conference choose addition finish reveal fish corner ball female tool scale derive campaign threaten heart form substantial where involve appoint score hide against manner style across high test century persuade interpretation box live community have clear painting budget answer according around loss dream worth code unless partner transfer call bank excellent program sign next increase response office wall patient discussion noise
Posted by:free sex video search - 09 Jan, 2010