Microsoft is planning to lay off a significant portion of its workforce as early as next week, CNET reports, citing an article in The Wall Street Journal.
The technology giant is exploring layoffs across various business groups, a true rarity for the world's largest software company.
Although analysts have been predicting that Microsoft might cut anywhere from 10 to 17 percent of its 95,000 employees, the final cut is expected to be significantly lower. Moreover, there's still an outside chance that Microsoft could find other ways to rein in costs.
In previous economic lulls, Microsoft has been able to make minimal cuts while avoiding widespread layoffs, but just about everyone agrees that this recession calls for tougher measures. At most, Microsoft has cut jobs in the hundreds, but never on such a scale as the one being considered now.
Source - http://www.imediaconnection.com/news/21729.asp
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