Earlier this week, Microsoft CEO Steve Ballmer hit a pessimistic note by saying that he expected to see IT spending growth, but not recovery. Now, it seems that Microsoft is about to prove it's still in recession mode, as rumors of imminent layoffs are circulating.
MySpace announced Tuesday it will cut 300 jobs from its international staff and close at least 4 of its offices outside of the United States.
The move comes after an announcement last week that the social networking site was cutting its staff by nearly 30 percent.
MySpace's international staff will be cut from 450 employees to about 150 with offices in London, Berlin, and Sydney becoming the regional hubs for the company's international operations.
MySpace just announced that it is cutting its staff by nearly 30%. The company says this is part of a plan to restucture itself into a more innovative, efficient, and entrepreneurial business.
A significant number of MySpace employees may soon have to acquire cardboard moving boxes and update their resumes. Although nothing's certain, there have been several indications that a large wave of layoffs will hit in the near future.
Update: VentureBeat reports: "We’ve learned that Massive, the company’s in-game advertising business, suffered something like 75 percent layoffs."
As you may know, Yahoo has cut over 600 jobs. The company's popular photo sharing service Flickr looks to be among the Yahoo properties directly affected by this.
It’s tough to keep things quiet these days, especially with all that Twittering. Unnamed engineers drowning their overhead redundancy woes over the weekend passed on the news—with documentation—to a Berkeley grad student Bay Area executive that Google was trying to keep engineer layoffs out of the press.
Google submitted a regulatory filing with the Securities and Exchange Commission last month that has just recently come to light. The reason for this delay is perhaps that it was filed via paper-only.
Employees in the U.S. seem to overwhelmingly share a "it won't happen to me" attitude when it comes to losing jobs. Glassdoor.com has released results from a survey, which found that 4 out of 5 employees have no concerns about being laid off in the next six months. GlassDoor breaks it down into two categories - companies that have reported upcoming layoffs, and companies that have not:
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.
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