This page permanently redirects to gemini://gemini.techrights.org/2008/12/28/oppenheimer-on-ms-layoffs/.

● 12.28.08

●● Brokerage Firm Asks Microsoft to Fire Over 9,000 Employees

Posted in Finance, Microsoft at 4:26 pm by Dr. Roy Schestowitz

“Today many people are switching to free software for purely practical reasons. That is good, as far as it goes, but that isn’t all we need to do! Attracting users to free software is not the whole job, just the first step.”

–Richard Stallman

THERE IS NOTHING joyful about layoffs, but Microsoft caused so many companies to lay people off, usually by committing crimes, for which they paid relatively minuscule fines. Therefore we feel comfortable enough to show that Microsoft will likely sip its own poison of endless greed while it approaches debt (assuming it’s not already in it [1, 2, 3, 4, 5]). From the Financial Express:

=> ↺ committing crimes | ↺ its own poison of endless greed | 1 | 2 | 3 | 4 | 5

New York: The world’s top software firm Microsoft has been asked to cut its workforce by 10 per cent, or about 9,100 employees, to tell the market that profits are more important than revenue growth in difficult times.

Brokerage firm Oppenheimer & Co’s analyst Brad Reback has said in a report on Microsoft that such layoff exercise “would be a healthy move for the company.”

For a company that “savors” the destruction of other companies — to borrow the words of James Plamondon — this might not be sob story. There is always cheaper labour (Abramoff Visas) and government connections to serve as a last resort. █

=> the words of James Plamondon | Abramoff Visas | government connections

Older news (chronological):

Quick Mention: Layoffs at Microsoft BeginMicrosoft (MSFT) Sank to $18.74 Before ReboundingMicrosoft Layoffs Actually Began Years Ago, More Likely to ComeEye on Microsoft: Feeling the Pinch AgainMicrosoft Chief Technical Officer Quits, Replacement Made for Another Quitting CEO, Operations Head BumpedQuick Mention: More Layoffs at MicrosoftMicrosoft Layoffs Worse Than Initially ReportedMicrosoft Under the ScalpelRumours: More Microsoft Layoffs Next MonthOn Being Rich… On PaperWe Live in Interesting Times

Share in other sites/networks: These icons link to social bookmarking sites where readers can share and discover new web pages.

Permalink  Send this to a friend

=> Permalink | ↺ Send this to a friend

=> Techrights

➮ Sharing is caring. Content is available under CC-BY-SA.