Printed from http://www.electronista.com

Microsoft job cuts more likely after all?

updated 07:45 am EST, Thu January 15, 2009

Microsoft Job Cut Rumor 2

Microsoft is considering job cuts after all, according to alleged sources for the Wall Street Journal. While unlikely to be nearly as severe as previously rumored, the cuts would take place across multiple divisions and may occur as early as next week, when the company is already scheduled to deliver its latest quarterly results and may reveal financial conditions that prompt the move.

Company chief Steve Ballmer has publicly mentioned a need for a new "balance" in Microsoft's costs but has downplayed the possibility significant job cuts, saying it's not in the "company culture" to dramatically scale back its operations. The claimed insiders themselves add that plans are still uncertain and may switch to other measures to bring costs in check.

The software developer has never had to undergo major layoff plans in the past and in recent years has hired large numbers of staff as it expands into fields outside of its traditional productivity and Windows platforms, such as its new web interests, the Xbox console line and the Zune. It also has a significant $20 billion in cash reserves that potentially let it absorb short-term losses.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

  1. loudpedal

    Forum Regular

    Joined: Oct 1999

    0

    Culture?

    Culture or not, if the balance sheet says they have to go, they have to go. Culture really has nothing to do with it.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Advertisement

Recent Reviews

Lenovo Yoga Tablet 2 (Android, 10.1-inch)

Lenovo is building a bigger name for itself year after year, including its devices expanding beyond desktop computers. The company's l ...

Brother HL-L8250CDN Color Laser Printer

When it comes to selecting a printer, it's not exactly something most people put a lot of thought into. Printers are often touted as f ...

Moshi iVisor AG and XT for iPad Air 2

Have you ever tried to put in a screen protector that relies on static to cling to the screen? How many bubbles and wrinkles does it h ...

Advertisement

toggle

Most Commented

 
toggle

Popular News