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Posted in Finance, Microsoft, Search at 10:19 pm by Dr. Roy Schestowitz
Summary: Microsoft is selling parts of FAST pretty fast, letting go of many more employees
IT has only been one month since Microsoft's latest announcement of layoffs and a few months before that, Microsoft had gotten rid of over 2,000 jobs (when it sold Razorfish). The past year has been full of Microsoft layoffs news.
=> Microsoft's latest announcement of layoffs | had gotten rid of over 2,000 jobs (when it sold Razorfish) | ↺ full of Microsoft layoffs news
Microsoft is now dumping part of FAST, which is a company that Microsoft bought along with its fraud. Here are some details:
Today, there’s word that Microsoft’s sold some things it picked up while acquiring Fast Search & Transfer in early 2008.
That’s a large-scale departure of many employees. One of our regular contributors, Ryan, claims that Microsoft is “cannibalizing their less important divisions to finance new ones.”
“Business fails often because they just assume that everyone will rush to give them all their money,” he added.
Mary Jo Foley adds some numbers to this picture:
=> ↺ adds some numbers to this picture
Rocket, according to the FAQ, Rocket is a 750-employee enterprise-infrastructure software vendor, headquartered in Newton, Mass., that has a “long history of acquiring strong product lines.” Rocket is taking over sales and support for the Folio and NXT products.
As we pointed out before, Microsoft seems to be selling itself in parts. It could certainly use the cash now that it's borrowing money. No wonder the Chief Financial Officer has just quit the company. █
=> it's borrowing money | the Chief Financial Officer has just quit the company
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