Microsoft Corp is considering significant layoffs across its various divisions, The Wall Street Journal reported, citing people familiar with the company's plans.
But plans for the cutbacks have not yet been firmed up and Microsoft could end up finding alternative methods to control costs, the Journal reported on its website.
A Microsoft spokesman declined to comment on layoff rumours. The number of potential job cuts is likely to be far less than the 15,000 positions that have been rumoured in recent weeks, the Journal reported.
Microsoft might announce the job cuts when it reports quarterly earnings next week, the Journal said.
The software giant employs about 91,000 employees globally.
Agencies
Showing posts with label massive. Show all posts
Showing posts with label massive. Show all posts
Saturday, January 17, 2009
Thursday, January 15, 2009
Is Microsoft planning massive job cuts?
Microsoft Corp is considering significant layoffs across its various divisions, The Wall Street Journal reported, citing people familiar with the company's plans.
But plans for the cutbacks have not yet been firmed up and Microsoft could end up finding alternative methods to control costs, the Journal reported on its website.
A Microsoft spokesman declined to comment on layoff rumours. The number of potential job cuts is likely to be far less than the 15,000 positions that have been rumoured in recent weeks, the Journal reported.
Microsoft might announce the job cuts when it reports quarterly earnings next week, the Journal said.
The software giant employs about 91,000 employees globally.
Agencies
But plans for the cutbacks have not yet been firmed up and Microsoft could end up finding alternative methods to control costs, the Journal reported on its website.
A Microsoft spokesman declined to comment on layoff rumours. The number of potential job cuts is likely to be far less than the 15,000 positions that have been rumoured in recent weeks, the Journal reported.
Microsoft might announce the job cuts when it reports quarterly earnings next week, the Journal said.
The software giant employs about 91,000 employees globally.
Agencies
Tuesday, December 9, 2008
Have 30,000 lost jobs over the past one week?
News of the US officially slipping into recession seems to have spurred another round of massive retrenchment, as the first week of December alone saw a stunning 30,000 layoffs, with more than half happening in the world’s largest economy.
The whopping numbers are just a continuation of a strained labour market as employers in America slashed 5,33,000 jobs in the month of November, the maximum downsizing in 34 years. Right from telecom giant AT&T to battered banking major Credit Suisse to steel maker ArcelorMittal, the layoffs are spread across the sectors, amid the worst financial turmoil since the great depression of 1930s.
Moreover, since the start of recession in December last year, as concluded by the National Bureau of Economic Research, 1.9 million people lost their jobs and two-thirds of the losses happened in the last three months. Leaving a gloomy November, this month’s layoffs are led by AT&T which would slash 12,000 jobs or about four per cent of its total workforce.
JP Morgan is reportedly planning to reduce its workforce by 21%. The move is expected to result in 4,000 employees being given the pink slip by January at Washington Mutual.
Source: Agencies
The whopping numbers are just a continuation of a strained labour market as employers in America slashed 5,33,000 jobs in the month of November, the maximum downsizing in 34 years. Right from telecom giant AT&T to battered banking major Credit Suisse to steel maker ArcelorMittal, the layoffs are spread across the sectors, amid the worst financial turmoil since the great depression of 1930s.
Moreover, since the start of recession in December last year, as concluded by the National Bureau of Economic Research, 1.9 million people lost their jobs and two-thirds of the losses happened in the last three months. Leaving a gloomy November, this month’s layoffs are led by AT&T which would slash 12,000 jobs or about four per cent of its total workforce.
JP Morgan is reportedly planning to reduce its workforce by 21%. The move is expected to result in 4,000 employees being given the pink slip by January at Washington Mutual.
Source: Agencies
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