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Author: nativity Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 156927  
Subject: Microsoft to lay off 17% of it's employees. Date: 1/5/2009 11:22 AM
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(Or possibly Microsoft to lay off 17% of their employees. I never remember which way it is you American's insist on saying it.)

Mark January 15 in your calendar: Rumors of layoffs at Microsoft peg that as the day the bad news will come.

The latest to report on the possibility of layoffs at the software giant is the blog Fudzilla, which puts the number of job cuts at 15,000, or nearly 17 percent of Microsoft's worldwide operations. The January 15 date is a week before Microsoft's second-quarter earnings report, scheduled for January 22.

Microsoft also has a briefing for financial analysts planned for January 8 at the Consumer Electronics Show in Las Vegas, with the headliner listed as Robbie Bach, president of the entertainment and devices division.

Those purported layoff numbers are up from earlier rumors, which suggested that 10 percent of the company's employees would lose their jobs.

http://news.cnet.com/8301-10805_3-10130165-75.html

How much longer before GeorgeFifth's $15 target is hit?
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