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Forums - Microsoft - Microsoft Cuts 3,000 Jobs, Mulls Additional Lay Offs

halogamer1989 on 05 May 2009
JaggedSac said:
halogamer1989 said:
JaggedSac said:
halogamer1989 said:
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.

Riding the wave is a risky venture.  MSFT will always play it safe.

 

It isn't risky yet.  They are still raking in huge profits and have fantastic cash flow.

 

MSFT has always had good cash flow.  They are focused on getting more I think, maybe to get more revenue to push Win7.

Edit: @ Mike Yeah you are right.  It is about even now on Google's converter.

Bolded == Stockholder greed and M$ relenting to said greed.

 

Well Ballmer has a duty to provide for the best interests of the stockholders...

 



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mysticD 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.

Unfortunately Jagged, this is what company is forced to do when they are publicly traded.  Microsoft has been dogged for years that they are bloated and need to get rid of people, which is really sad because Live division has been profitable, least of which from the results of hiring and having talented people.

Look at the last few months, Xbox Live released schedules, certification, and stuff they put up on Live has been a complete mess because they trim so much man-powers from sadly the area that are actually growing. 

 



1337 Gamer on 05 May 2009

well no company is immune from the recession why should M$ be any different?



Long Live SHIO!

point x on 05 May 2009

old



 

 

''Halo reach''.. sell 7.m first week ,Believe¡¡¡¡¡¡

 

 

 

 

 

 



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).

 



My Mario Kart Wii friend code: 2707-1866-0957

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DirtyP2002 on 05 May 2009

This is what they announced in January. Now it is the part where they decide which employes have to go or am I misreading something?

The article tries to spin the financial report in a very negative way if you ask me. Yes, the revenue is down YoY, but heck, we are in a global financial crisis and they still mad a 3 billion dollar profit in three months. Intels profit dropped 97%, Sony is posting a loss (a first since 1989), Samsung is in a struggle, same for Panasonic. Chrysler is broke, same for GM.

Sometime you just have to look out the window to see things in a right perspective.



Imagine not having GamePass on your console...

halogamer1989 on 05 May 2009

MSFT should just go private again.



thx1139 on 05 May 2009

Yes this is old news, but do you also know that MS is hiring including about 80 openings in games and xbox business areas. http://members.microsoft.com/careers/search/results.aspx?start=1&interval=622&SortCol=Product&SortOrder=ASC&AllCl=Y



Its libraries that sell systems not a single game.

hanafuda on 05 May 2009
kowenicki said:
@halogamer

The problem in Japan is a whole lot bigger than just the exchange rate... their economy is royally fucked. It is basically a bankrupt country.

Not as bad as the UK, whose economy was based on a massively inflated housing market.

PSN - hanafuda

halogamer1989 on 05 May 2009
hanafuda said:
kowenicki said:
@halogamer

The problem in Japan is a whole lot bigger than just the exchange rate... their economy is royally fucked. It is basically a bankrupt country.

 

Not as bad as the UK, whose economy was based on a massively inflated housing market.

Same here hanafuda although the majority of US housing still is financed via prime loans and private investment (no mass govt involvement like the UK for housing yet)  The Community Reinvestment Act really screwed up the housing appreciation rate/inflation coorelation.