LayoffBlog.com

January 21, 2009

Microsoft expected to cut jobs as profit weakens

According to Reuters: “Microsoft Corp is expected to post a quarterly profit that misses its own target and announce thousands of job cuts this week as the global economic slump hurts even the technology industry’s biggest players.”

“Checks indicate that Microsoft is likely to engage in headcount reductions to the tune of 6,000 to 8,000 employees or 6 percent to 8 percent of its 95,000 workforce, ” said McAdams Wright Ragen analyst Sid Parakh. Other analysts suggest the cost reductions may occur in the next few weeks and could also include more targeted cutbacks and attrition, rather than the big number of layoffs that some have speculated.

  • Microsoft has declined to comment on any likelihood of job cuts.

3 Comments »

  1. […] Microsoft expected to cut jobs as profit weakens […]

    Pingback by Microsoft Layoffs today? « LayoffBlog.com — January 21, 2009 @ 5:26 pm | Reply

  2. […] Comments Microsoft Layoffs today? « LayoffBlog.com on Microsoft expected to cut jobs as profit weakensIntel to Cut at Least 5,000 Jobs « LayoffBlog.com on Intel CEO Says […]

    Pingback by Today’s Hot Layoff Topics « LayoffBlog.com — January 21, 2009 @ 5:30 pm | Reply

  3. 5000 layoffs declared in MS

    http://blog.seattletimes.nwsource.com/techtracks/2009/01/22/microsoft_cutting_1400_jobs_today_up_to_5000_in_ne.html

    I hope the laidoff people handle situation carefully and get a better job soon.

    Take care all..

    Subbu

    Comment by Subbu — January 22, 2009 @ 8:14 am | Reply


RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: