The internet is abuzz with rumors that Microsoft is laying off 15,000 employees for the last couple of days. Microsoft’s unofficial word is that the rumors are “grossly exaggerated” and that it only plans to cut employees through attrition and non-renewal of contracts. Microsoft’s official word is that they “do not comment on rumors and speculation”
But we’ll wait and watch. I’ve heard official word from Wachovia too 5 days before it’s collapse leaving shareholders to bite the dust. Now not only can we not trust analysts, we can’t trust anything companies say too.
IBM layoff rumors are abuzz too with the number being similar – 16,000. IBM’s official word is also that they “do not comment on rumors and speculation” but it seems like IBM’s cuts are a lot more likely than Microsoft’s