Microsoft Corp. (NASDAQ:MSFT) notified 3,000 employees on Tuesday that their jobs are being eliminated. The layoffs are part of the 5,000 jobs the software giant announced in Janaury would be cut over 18 months. About 1,400 workers were immediately let go at that time.
"As part of the plan we announced in January to reduce costs and increase efficiencies, today we are eliminating additional positions across several areas of the company," a company spokesperson tells The Deal. "While job eliminations are always difficult, we are taking these necessary actions in response to the global economic downturn."
Will Microsoft make more layoffs beyond the planned 5,000? Some observers expected more bad news would be delivered at the company's earnings announcement in late April, but it didn't come then.
According to Reuters on Tuesday, Microsoft chief Steve Ballmer told employees, "As we move forward, we will continue to closely monitor the impact of the economic downturn on the company and if necessary, take further actions on our cost structure, including additional job eliminations." - Mary Kathleen Flynn
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Layoffs happen whenever a company struggles financially. To be laid off from your job perhaps would be the most stressful thing that might happen to any employee. I guess this is what exactly feels by those who had be laid off from Microsoft company. In relation with this a new batch of Microsoft layoffs is not good news, especially not for those afflicted. Layoffs are fairly new to Microsoft, only going through them for the first time a couple of months ago. Last time they gave their employees some generous cash advances. Some people say that Microsoft is to blame, but we all know it's the economy's fault. Some will no doubt need debt relief and a few rounds with Jose Cuervo after the Microsoft layoffs. Layoffs happen whenever a company struggles financially.
http://personalmoneystore.com/moneyblog/2009/05/05/microsoft-layoffs-hit-cinco-de-mayo/