LayoffBlog.com

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.

• Microsoft has declined to comment on any likelihood of job cuts.

This entry was posted on Wednesday, January 21st, 2009 at 5:24 pm and is filed under IT, Microsoft, Technology, US, software. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.