LayoffBlog.com

December 31, 2008

Microsoft asked to lay off over 9,000 employees

According to Yahoo News, India: “The world’s top software firm Microsoft has been asked to cut its workforce by 10%, or about 9,100 employees, to tell the market that profits are more important than revenue growth in difficult times.”
“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.”

  • The software giant had close to 91,000 employees on its payrolls at the end of July-September quarter.
  • Microsoft is scheduled to release its second-quarter results for the fiscal year 2008-09 on January 22.
  • Brokerage firm Oppenheimer and Co’s analyst Brad Reback has said in a report on Microsoft that such layoff exercise “would be a healthy move for the company.

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