Possibility of Layoffs Lurks at Microsoft

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. read more (link)