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Even behemoths like Microsoft are not immune to the financial crisis. The Redmond-based company might be quite close to large job cuts, according to the WSJ. The much feared announcement could be made as early as next week.
Many analysts have prognosticated a 10 percent to 17 percent reduction in Microsoft’s workforce in the imminent future. Microsoft is due to announce its fourth-quarter results today. PC sales in the last quarter were dismal and are expected to have an impact on Microsoft’s earnings.
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[1] http://www.maximumpc.com/user/opulent_rigs_0
[2] http://online.wsj.com/article/SB123197886745683743.html?mg=com-wsj
[3] http://www.maximumpc.com/article/daily_news_brief_microsoft_still_confident_with_zune
[4] http://www.maximumpc.com/article/news/microsoft_announces_kodu_gamecreation_tool_other_things_ces
[5] http://www.maximumpc.com/article/news/microsofts_annual_revenue_balloons_60_billion_vista_doing_okay
[6] http://www.maximumpc.com/tags/earnings
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