While it is no surprise that Yahoo started announcing the layoffs of between 600-700 people this week (the

I know it has everything to do with journalistic integrity and it is the right thing to do but when a newspaper the stature of the New York Times reports on the cuts it must make to its sections to ‘survive’ it’s still sad.

Are the rumors true? Reports have emerged that Redmond based tech giant Microsoft is set to slash its global workforce, as the pressure of the current financial crisis takes hold.

Last month, speculation started that Microsoft was looking to cut its staff early in the New Year, with unconfirmed reports suggesting several thousands of employees would start 2009 looking for new jobs.