Microsoft on Tuesday notified more than 3,000 workers that it was eliminating their jobs.
The software maker said in January that it would cut up to 5,000 jobs over the next 18 months. It made 1,400 cuts at the time. With the second wave of notifications on Tuesday, Microsoft has cut nearly all 5,000 jobs already.
Source: CNet News
More jobs could be cut at Microsoft Corp., according to a prominent analyst who covers the company.
Sid Parakh of McAdams Wright Ragen brokerage in Seattle said Monday in a note to investors that “over the last week, we have heard from multiple sources that Microsoft may engage in additional restructuring activities in the near-to-mid term.”
According to AP: “A few weeks after launching the first wide-scale layoffs in its history, Microsoft Corp. admits it screwed up a key part of the plan.
First Microsoft realized that an administrative glitch caused it to pay more severance than intended to some laid-off employees. The company’s response: It asked the ex-workers for the money back.
But when one of Microsoft’s letters seeking repayment surfaced on the Web on Saturday, the situation turned embarrassing. On Monday, the company reversed course and said the laid-off workers could keep the extra payouts.”
Microsoft is asking some of the workers it laid off in late January to pay back money they were given in excess of their severance packages. The Redmond-based company is blaming an accounting error and expects repayments within two weeks.
After making 1400 staff redundant, Microsoft reportedly overpaid some of those former employees and underpaid others at the same time. Those who were overpaid were reportedly sent letters requesting for a refund.
Source: PC World
According to the Washington State WARN filings, Microsoft is going to lay off 872 employees at Redmond starting March 23rd.
The company earlier announced cutting 5000 jobs within 18 month from January 2009.
In wake of impending layoffs, Microsoft has released a preliminary response to a U.S. Senator who wants the software giant to cut non-citizens first.
Microsoft’s answer states that it will indeed layoff a significant number of H-1B temporary work visa holders but that their visiting worker status will not be the primary criterion when it comes to deciding who will stay and who will go.
Microsoft officials said they will respond to Senator Grassley’s request for a direct response. However, while the company’s initial response is polite, it doesn’t say it will meet Grassley’s request.
Source: internetnews.com
Software maker Microsoft Corp. announced Thursday it will cut up to 5,000 jobs in the next year and a half, or 5.5% of its global workforce, citing further deterioration of global economic conditions.
Microsoft will slash 1,400 positions immediately, with the rest of the cuts coming by June 2010. The company also said it will freeze employees’ pay in 2009.
Source: CNNMoney
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.
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