NEWS - Monday, January 5, 2009


Thousands of jobs under threat at Microsoft

Between 10 and 17 per cent of the company’s full-time and contracted employees are expected to be made redundant this month, with tech site Fudzilla claiming the axe is likely to fall on January 15 – a week before Microsoft reveals its second quarter earnings results.

Large staff cuts are expected in the Europe, Middle East and Africa region, while the MSN department is said to be struggling due to a decline in sales. Companies are also expected to cut back on licensing Office products such as Microsoft Word, affecting the company further in 2009.

A ten per cent reduction in headcount could save USD 1.2 billion (GBP 826 million), according to some analysts.

"The prevailing wisdom on Microsoft is that the company may pre-announce disappointing December results," said Brad Reback, analyst at Oppenheimer & Co, reports The Independent.

"Should such headcount reductions materialise, we would view them as a positive sign that management is interested in preserving the company’s operating margin structure through the downturn."

It is unlikely that cuts would affect Microsoft’s entertainment and devices division, which is responsible for the Xbox 360 business, as it has begun to maintain profitability.

Last month, rival Sony announced plans to cut back on its global workforce due to economic pressure, axing some 8000 jobs by 2010, although SCEE president David Reeves has stated that the games department in Europe is not planning any redundancies.


Source: http://www.gamesindustry.biz/

Site Statistics

Registered Members: 78,967
Forum Posts: 725,965
Xbox One Titles: 5,956
Xbox 360 Titles: 1,086
Xbox 360 Kinect Titles: 95
Xbox 360 Arcade Titles: 586
Original Xbox Titles: 987
Staff Reviews: 2,537
Member Reviews: 10,339
News Articles: 16,529
Screenshots: 38,678
Xbox 360 Achievements: 45,112
Xbox 360 Faceplates: 2,016
Cheat Codes: 1,706

Latest News








See News Archives

Community Forum Activity

KeyWe Giveaway!
Post by Variation-XBA
0 Replies, 22401 Views

2021: XBA is still here
Post by shrew king
38 Replies, 183295 Views

Watch Dogs: Legion
Post by Nato King
0 Replies, 118259 Views

Xbox Series X or S
Post by Nato King
5 Replies, 136351 Views

Spellbreak Grand Magus Pack (3) and Starter Pack (7) Giveaway!
Post by Variation-XBA
0 Replies, 127911 Views

I pay $ 1000! I search the Element 54 Canadian launch Team signaturen Faceplate
Post by Smill
0 Replies, 148216 Views

Xbox one no signal
Post by debrartin
0 Replies, 138579 Views

do you remember?
Post by SnoochyBoochy
3 Replies, 198137 Views

i haz xbox
Post by SnoochyBoochy
0 Replies, 153418 Views

Claiming the first thread of 2020
Post by Kraft
7 Replies, 247655 Views

Important! I pay $ 1000! I search the Sweden launch and the Element 54 Faceplate
Post by Smill
3 Replies, 144601 Views

Squad Up
Post by samslophead
0 Replies, 247379 Views

TERA Skinned Xbox One X Giveaway!
Post by Variation-XBA
0 Replies, 175556 Views

Starfield Release expectations?
Post by DJ tx
4 Replies, 302428 Views

Issue with Xbox live on Xbox home
Post by rcmpayne
0 Replies, 163319 Views

© 2000-2024 XboxAddict.com - All rights reserved. All trademarks are properties of their respective owners.
Xbox is a registered trademark of Microsoft. XboxAddict.com is not affiliated with Microsoft.

Made in Canada
Site Design by Cameron Graphics