Microsoft has been able to weather past economic storms without laying off significant numbers of employees, always having layoffs in the “hundreds,” at most. This time, they’re thinking about thousands, perhaps 10 to 17 percent of its 95,000 employees. That’s a lot of displaced workers, and it’s not getting better for the Seattle, Washington area, what with all of WaMu employees in Seattle now looking for work.
An interesting tidbit from the CNET article:
Meanwhile, Google said Wednesday that it is cutting 100 recruiters from its payroll as the company significantly slows its once torrid hiring pace.
How big is Google to be able to cut 100 recruiters? That’s a lot of recruiters!
Microsoft eyeing significant layoffs – iMedia Connection
Wall Street Journal