Microsoft Layoffs Job Cut: fires 5000 employees: Finance Trading Times

Microsoft Layoffs Job Cut: fires 5000 employees

The news is not good for the employees of Microsoft Corporation or Microsoft Corp. Internet is flooded with news and rumors about Microsoft, the no. 1 Software company, that it might go for a massive layoffs and unfortunately, the company confirmed the plans today. The latest additon to the list of companies going for layoffs is the Microsoft. No one seems to be shielded from the effect of recession. It the Microsoft Company, which have decided to go for the layoff. Microsoft Layoffs
We had reported few days back about a possible Microsoft Layoff Job Cut. Unfortunately, that news has come out to be true.

How many employees will be fired in the Microsoft layoffs?
There could be around 5000 job cuts by the company. This will be around 5 percent of the total company workforce.

What is the total employee strength of Microsoft
The total employee strength of Microsoft stands at around 100,000.

How are the job cuts by Microsoft planned?
Today, they slashed 1400 jobs today, and the remaining will be slashed over next 1.5 years or 18 months.

Which departments or business segments will be affected by the Microsoft layoffs
The layoff affected employees will be from research and development, marketing, sales, finance, legal, human resources, and IT. However, there were news that there may NOT be any layoff in Microsoft, India.

How much savings is expected due to layoffs by Microsoft?
No concrete details are available but it is learnt that company is going for all cost cutting measures. It includes cutting on travel budgets, stopping of construction of campus sites in Redmond, etc.

Were there any previous rounds of layoffs by Microsoft
No news of that.

Any other news about Microsoft layoffs
The company said it would continue to hire in other areas, including its search business, so its work force would actually fall by between 2,000 and 3,000.
Let's hope that alternative jobs are available to the affected employees of Microsoft Layoffs Job Cut
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Anonymous said...(on 26 January 2009 at 10:16 )

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