Is Microsoft Planning Its First-Ever Layoffs?
With the economy in the tank and other major firms planning massive cutbacks, rumors have been swirling for several weeks that Microsoft plans big layoffs of its own to be announced on or about Jan. 15.
How big? As much as 10 to 17 percent of the company's employees, if you believe the buzz.
If true, the cuts would be the first "official" layoffs in Microsoft's history -- blunting a point that the company has always pointed to as a matter of pride.
Despite one Web site's claims that the layoffs are now "fact," however, no one seems to be able to substantiate the rumors. That may make for a lot of Microsoft employees lying awake at night after tonight's champagne wears off.
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15,000 to be laid off at MSFT
It's not the first ever. Also, the big one has already begun. 15,000 to be laid off.