job cuts
Report: Microsoft may cut jobs as early as today
As the calendar rolls over to the next fiscal year, Microsoft will begin to re-evaluate their current status in terms of expenses and how many employees they have. Even while the Redmond based company showed some profit, it is always important to consider new strategies and direction for the company overall. Reports from TechFlash and more »
Microsoft gives out 3,000 pink slips in their second wave of job cuts
Yesterday, Microsoft let go more than 3,000 of its staff, almost double the amount that it laid off during their first wave of job cuts back in January. During that time, Microsoft had said that they planned to lay off 5,000 employees in order to stay afloat during the recession. This number has almost been more »
Microsoft looking to cut even more jobs?
Back in January when Microsoft announced their earnings for second quarter, things were not going well for them. As a result, they were forced to enact job layoffs over an 18 month period totaling 5,000 job cuts. At that time, this was already a lot of jobs to be lost for the suffering company. Today, more »
Microsoft follows Google, announces job cuts
Up to 5,000 Microsoft jobs are about to be history. When Google and Microsoft can’t afford to keep people employed, you know the economy is in the tank. Microsoft has never had to let go of people in this manner before in its entire history.
These job cuts are companywide — no specific division is getting the axe. These times are forcing a lot of companies to rethink their strategies. Expect Microsoft projects like “Photosynth” and “Surface” to take a backseat to Windows 7. Windows has been Microsoft’s heavy hitter along with Office, but Windows sales are down.
Logitech is the newest victim of the downturned economy
Logitech is the latest company to announce that it’s financially flailing due to the downturned economy. On Monday, the popular tech retailer announced that they need to cut as many as 600 jobs in order to keep afloat during the potentially challenging months ahead.
Logitech announced its third quarterly net profits dropped an astounding 70 percent to $40 million or 22 cents a share. Compared to the prior year, Logitech’s gross margin fell to 29.9 percent in the quarter. The company contributes poor sales, a weak dollar and steep price cuts to their lost of revenue.
