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Posted in Finance, Microsoft at 10:55 am by Dr. Roy Schestowitz
“There is such an overvaluation of technology stocks that it is absurd. I would include our stock in that category. It is bad for the long-term worth of the economy.”
–Steve Ballmer
A COUPLE OF days ago we cited Fudzilla, which has this followup. The mainstream media took note as well. From The Indian Express:
=> cited Fudzilla | ↺ has this followup | ↺ The Indian Express
London: The world’s top software firm, Microsoft, is planning a massive reduction in its workforce where up to 15,000 jobs may be axed this month, says a media report.“Microsoft is preparing to announce the first wide scale layoffs in its 32-year history, with up to 15,000 jobs at risk, according to some predictions,” ‘The Times’ said in a report published online.
More reports, if found, will appended here later in the day. If Microsoft is not already in debt [1, 2, 3, 4, 5], then it’s approaching that point rapidly, hence the layoffs. █
Update: as promised, here are some more reports from the past week (in no particular order):
Microsoft Advised To Cut 9,100 JobMicrosoft advised to lay off over 9k employeesMicrosoft: Layoff Speculation MountsMicrosoft Layoffs Coming?Microsoft planning big layoffs for January?Microsoft Planning To Lay Off 17% of StaffAnalyst Says Microsoft Should Lay Off 10 PercentMore speculation on Microsoft layoffs, contractor cutsMicrosoft rumoured to be planning mass job lossesMicrosoft poised to announce job lossesMicrosoft planning 15k job cuts on January 15th?‘Microsoft may cut 15,000 jobs this month’‘Microsoft may cut 15,000 jobs this month’Pinkslips coming at Microsoft? Speculation about Microsoft cutbacks surfacesRumor: Microsoft to Cut 15,000 Employees this Month
Later posts (particularly the ones from 2009) are aware of new information about the scale of layoffs. Curiously enough, not a single comment has arrived from Microsoft, which for a fact declined to comment when asked.
“Curiously enough, not a single comment has arrived from Microsoft, which for a fact declined to comment when asked.”Long-time Microsoft boosters (and at times Linux bashers) respond in a consistent fashion. Mitchell Ashley, who assembled a network of Microsoft bloggers and has vested interests in the company, is publicly opposing the layoffs by spreading an article around IDG’s Web domains [1, 2].
=> assembled a network of Microsoft bloggers | ↺ publicly opposing the layoffs | 1 | 2
Preston Gralla (also of IDG) sings a similar tune. Instead of mourning Microsoft’s provisional loss, maybe Preston should get back to writing some anti-Linux and anti-Google Apps posts like he so typically does.
=> ↺ sings a similar tune | anti-Google Apps posts
Maureen O’Gara, a Microsoft story-”planter” [1, 2], appears to be putting on her “.NETDJ” hat (again) and labeling the Fudzilla report “a rumor”. She also suggests that this is the first-ever mass job cut, whereas another source wrongly called it a first-ever job cut, ignoring recent layoffs [1, 2].
=> 1 | 2 | ↺ labeling | 1 | 2
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