Microsoft getting ready to lay off 17% of staff
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.
Read the rest of the article here, however according to CNN...
Microsoft Firing 15,000 People On Jan 15? Unlikely
Microsoft (MSFT) is preparing to whack 15,000 people in two weeks, says Fudzilla, 17% of its global work force. A cut of this magnitude seems highly unlikely, although the targeted areas do make sense.
Unless Microsoft's business has been absolutely crushed in the past two months, there is no reason for the company to suddenly cut this much cost. Microsoft's margins are still fine, and much of its revenue is generated from multi-year contracts (and is therefore unlikely to see a massive intra-quarter hit).
See the rest of the article here.
Which report is correct? How are "we" going to be affect if this is true? We're going to have to wait a couple of weeks to find out.
Credit to dmarsh for find two conflicting reports on MS news.