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● 12.31.08

●● Fudzilla: Microsoft to Fire 15,000 Employees in Two Weeks

Posted in Finance, Microsoft at 5:34 pm by Dr. Roy Schestowitz

Microsoft will probably be going into debt [1, 2, 3, 4, 5] more quickly than first anticipated, according to this new report from a pro-Microsoft financial Web site.

=> 1 | 2 | 3 | 4 | 5 | ↺ this new report

Microsoft May Accelerate Buybacks

[...]

Given the recent weakness in Microsoft’s stock, we have assumed the company will likely accelerate its pace of buyback from the September quarter of $6.6 billion to roughly $8 billion for the next several quarters, resulting in a net reduction in fully diluted shares outstanding of 300 million per quarter.

Cutbacks are necessary. We wrote about layoffs recently, so we append related links at the bottom of this post. But whereas the big news is continued discussion about Microsoft’s need to lay workers off, the bigger news, which is announced with confidence by a high-profile Web site, is that Microsoft will be axing far more than speculations first suggested.

=> ↺ continued discussion | ↺ far more than speculations first suggested

The rumor that Microsoft was set to lay off people on January 15th, 2009 is no longer a rumor but a fact. Staff at Microsoft have been informed that the company is readying major layoffs to its worldwide operations and it’s not a small cut, either.

Currently Microsoft employs about 90,000 people across the world and from what we’re hearing, some 15,000 of those are expected to be giving marching orders come January 15th. That’s almost 17 percent of Microsoft’s total work force, not exactly a small number.

We prefer not to comment on layoffs, but expressed a point of view some days ago. █ _____

=> a point of view some days ago

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

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