Linked by Thom Holwerda on Thu 22nd Jan 2009 15:37 UTC
Microsoft After much, much, much speculation, Microsoft let the cat out of the bag today: due to weak results, Microsoft is going to cut 5000 jobs. Those 5000 jobs will disappear over the course of 18 months, with 1400 jobs being cut immediately. Quarterly results, as well as the cost-cutting measures, were made known in a press release today.
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It is a shame
by spiderman on Thu 22nd Jan 2009 18:27 UTC
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For a company that have $50 billion in the bank, that does over $50 billion in profit a year, to lay off employees is a big shame.
As always, the workers pay for the share holders.
Where is this society going? The share holders are supposed to take the risk and responsibility in exchange for the huge profits they are pumping on the back of the workers.
So this year is tough? They didn't increase their profit by 30% but only 10% year over year? Too bad they will only get $50 billion instead of the $100 billions they expected? Come on! The workers made the software, the workers marketed the software, the workers sold the software and the workers are layed off when your profits are not as high as you expected?
How can they look at their face in the mirror they bought several thousands of dollars and not see they are assholes? How can they go buy their 12th Ferrari and fire 5000 people? Those guys should really be ashamed of themselves.

Edited 2009-01-22 18:30 UTC

Reply Score: 11