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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That's a pretty cynical view. Not all legislation of this kind has to be tyrannical.

I guess what I'm trying to say is that I would enjoy some legislation to force corporations to do what they should automatically do out of a sense of decency.

I also believe it's in their own self interest. Corporations take a narrow share-holder centred view, in fact they're required to take that view by law! But none of them ever actually think of the big picture.

Those 5000 people who are now out of work (and in this climate are likely to stay out of work) will join the thousands (millions?) of other people who are also jobless and therefore not spending. Not spending on Microsoft products, not spending full stop.

This just exacerbates the problem and ensures that this economic crises will be prolonged. Why is this a good thing when most of the corporations could have easily kept them employed, and helped bring the economy back online?

Edited 2009-01-23 23:17 UTC

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