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Microsoft to cut thousands of jobs?
Posted on Monday, 5 January 2009 by Speed, source: The Independent
those on the left can go
According to rumours in the US, 10 to 17% of the total workforce at Microsoft may be in danger and especially non-US countries are targeted most. Microsoft themselves have decided to "not comment on speculation" (where did we hear that before?) but analysts seem to find it a positive thing:
"The prevailing wisdom on Microsoft is that the company may pre-announce disappointing December results," Brad Reback, analyst at Oppenheimer & Co, told clients. "Should such headcount reductions materialise, we would view them as a positive sign that management is interested in preserving the company's operating margin structure through the downturn."
Of course analysts would see job cuts as a positive sign... until it's THEIR jobs that are on the line of course. Cutting 15.000 jobs is not a positive thing!In other news:
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