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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RE: firing programers
by bnolsen on Fri 23rd Jan 2009 04:09 UTC in reply to "firing programers"
bnolsen
Member since:
2006-01-06

Almost all non compete clauses are actually illegal as written. Unfortunately many corporate lawyers don't understand this. The point you make about being able to make a living is exactly true and law in most if not all states.

To make a valid non compete the company has to reimburse you handsomely to basically make it so you don't have to work. IE: make you independently wealthy.

That being said, I'm not sure I've ever heard about layoffs at Microsoft before. To be honest, when the economy is down like this its a good excuse for companies to "trim the fat" without having to worry so much about law suits, even if the company doesn't really need to get rid of people. I'm sure 5000 is really a small drop in the bucket.

Reply Parent Score: 2