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.
Thread beginning with comment 345220
To view parent comment, click here.
To read all comments associated with this story, please click here.
HappyGod
Member since:
2005-10-19

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

Reply Parent Score: 2

trenchsol Member since:
2006-12-07

Companies are not laying off people because they do not want to see them around any more. Sometimes they do when particular individual is a problem person. But, when some company lays off 5000 of them that means that they canceled some products, because those products are no profitable any more.

There could not exist any regulation that would have prevented that. Those positions are not vacated, they simply ceased to exist. Nobody can't be forced to do particular business against their will, except under some extreme conditions, like during the war.

It will be interesting to see what elements of Microsoft offering are to be discontinued.

Reply Parent Score: 2

dabooty Member since:
2007-06-15

The first to go is Performancepoint planning server, which is pissing off a lot of customers/partners. they invested lots of money into the product, and now that implementations are halfway, msft tells them they invested in a dead end. Some startups even betted their whole existence on the product...

Reply Parent Score: 1