The ranting of an IT Professional

Jan 22 2009   5:11PM GMT

Microsoft begins laying off staff



Posted by: Jason Tramer
Tags:
financial issues
hard times at microsoft
IT financial
microsoft laying off staff

After posting 11% drop in profit MS announces layoffs of five thousand staff. Lets put this in perspective though. Drops in profit do not mean losses. MS still posted profit of 4.17 billion dollars for the 3 month period.

4.17 billion profit  in three months … are we supposed to feel bad for them now? In the midst of economic uncertain times when many companies are struggling to survive I would think this could be considered pretty good results.

MS has also announced that they will be suspending merit salary increases for the year. The cynic in me has to wonder if this will include the exec’s or just the common workers who I suppose might accept the fact they are not getting a raise with the feeling that they should be happy they even have a job.

I wonder if MS thinks that cutting out merit increases will encourage there workers to work harder during these uncertain times or perhaps they think that fear is motivation enough.

The beatings will continue until morale improves.

 Comment on this Post

 
There was an error processing your information. Please try again later.
Thanks. We'll let you know when a new response is added.
Send me notifications when other members comment.

REGISTER or login:

Forgot Password?
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Forgot Password

No problem! Submit your e-mail address below. We'll send you an e-mail containing your password.

Your password has been sent to: