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.“
