Due to decreasing sales and looming recession, Microsoft announced today that they are cutting there worldwide workforce by approximately 6% i.e. 5000 employees out of there 91000 full time employees worldwide.
Microsoft’s earnings fell to US$4.17 billion, or 47 cents a share, from US$4.71 billion, or 50 cents a share, a year ago, missing analyst expectations by a penny a share. The company also said it would cease giving per-share forecasts for the rest of 2009 because of the uncertainty caused by a slumping U.S. and global economy and its shares fell $1.47 to US$17.91.
As per my previous post (Microsoft layoffs coming soon!! while Google layoff staff silently.) I was speculating that Microsoft will cut 10% of there worldwide workforce. Anyways, Microsoft layoffs are not something new. The company is just being quite discreet about it in the past.
Do you think these layoffs will impact Microsoft’s global presence? and there reputation as an employer. Please leave your comments.
