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[Latest] Software Giant cuts 5,000 jobs

poptimus — Fri, 23 Jan 2009 01:47:38 +0800

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Taken from: ZDNET
Posted by Mary Jo Foley

The official word on layoffs is out: Microsoft is going to cut 5,000 jobs over the next 18 months, 1,400 of them today, January 22, 2009.

From the company’s Q2 earnings release:

“Microsoft will eliminate up to 5,000 jobs in R&D, marketing, sales, finance, legal, HR, and IT over the next 18 months, including 1,400 jobs today. These initiatives will reduce the company’s annual operating expense run rate by approximately $1.5 billion and reduce fiscal year 2009 capital expenditures by $700 million.”

I was predicting the Softies were going to get by simply by shuffling folks around and quietly closing groups. It sure seemed like there were a lot of places where the fat could be trimmed. But I was wrong.

That said, the 5,000 cuts are not as severe as many had been predicting. Rumors had Microsoft cutting 8,000 to 15,000 or more jobs out of a total worldwide employee roster of 96,000.

Microsoft also is announcing as part of its cost-cutting measures, including “the reduction of headcount-related expenses, vendors and contingent staff, facilities, capital expenditures and marketing.”

Read More ....

AND

Taken from: CNN
Microsoft slashes up to 5,000 jobs
Software giant says it will cut 1,400 jobs immediately, and posts lower earnings that miss estimates.

By David Goldman, CNNMoney.com staff writer
Last Updated: January 22, 2009: 12:04 PM ET

NEW YORK (CNNMoney.com) -- Software maker Microsoft Corp. announced Thursday it will cut up to 5,000 jobs in the next year and a half, or 5.5% of its global workforce, citing further deterioration of global economic conditions.

The company also posted lower fiscal second-quarter earnings that missed analysts' forecasts.

Microsoft will slash 1,400 positions immediately, with the rest of the cuts coming by June 2010. The company also said it will freeze employees' pay in 2009.

Read More ....

AND

Ballmer’s memo to employees:

Here’s the memo that Microsoft CEO Steve Ballmer sent to all Microsoft employees on January 22, explaining Microsoft’s planned layoffs and cost-cutting moves:

“From: Steve Ballmer
Sent: Thursday, January 22, 2009 6:07 AM
To: Microsoft - All Employees (QBDG)
Subject: Realigning Resources and Reducing Costs

In response to the realities of a deteriorating economy, we’re taking important steps to realign Microsoft’s business. I want to tell you about what we’re doing and why.

Read More ....

ALSO

Ericsson, Intel retrench thousands - From ZDNET
IBM job cuts underway- From ZDNET

I am and what next ....... GOD Please help to make the economy stable back

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martial art - kelana jaya or kll sentral area

[Latest] Software Giant cuts 5,000 jobs

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