NJ5 on 05 May 2009
| JaggedSac said: Damn stockholders. M$ should not perform layoffs just to appease them. Ride the wave, it will rise up again. My company is doing the same thing. Tons of cash reserves and yet we are layoff vital people and moving work overseas. |
I think some companies use the economy as an excuse to do layoffs they wanted to do anyway... This probably doesn't explain the whole layoffs of course, which are also to preserve profits (which unfortunately for some, is the duty of a publically-owned company).
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