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Jan 22 2009   9:16PM GMT

Massive layoffs sweeping the IT industry



Posted by: Raj Perumal
Microsoft, IBM, Intel, layoffs, economic slowdown, economic crisis, economic crunch, Microsoft layoffs, Intel layoffs, IBM layoffs

Well it looks like we’re getting even more bad news this year….

Microsoft, IBM and Intel have announced massive layoffs. The buzz about the Net is that Microsoft is going to layoff 5000 people, Intel is going to cut about the same and IBM is going to be laying off people with no specific number announced yet….although according to rumours it could be 3 times as much as the other guys.

So what’s going on here? It’s quite simple really, it doesn’t matter how big you are, you can’t dodge the economic crisis that has gripped the nation. Even the big boys are going to have to tighten their belts.

What I find interesting is that IBM has beat all of Wall Street’s expectations despite the economic crunch and they’re still laying people off. What does a company have to do to not have to lay people off during these times?

-RP

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FranzB  |   Nov 11 2009   9:44AM GMT

In Microsoft’s history, this will be the first time that it will layoff 5,000 employees to get the axe. That wasn’t good enough, apparently, as the suits that populate the office needed a few more ivory back scratchers, and the number of Microsoft layoffs has been expanded, as they are eliminating 800 more jobs. Microsoft, based in Redmond, Washington, one of the largest employers of the greater Seattle area, has also posted contractor jobs to make up for the losses, but pay less. However, the workers that gave the company its success by their labor are rewarded for service with more Microsoft layoffs and anxiety about when they get their next pay day.