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Author: Milligram46 Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 156927  
Subject: Re: CNBC - Attrition and Contractors Date: 1/6/2009 12:28 AM
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More on the "layoffs."

http://www.cnbc.com/id/28483075

...It appears, however, that Microsoft will be following the strategies set forth by Cisco Systems [CSCO 17.11 0.15 (+0.88%) ] and Google, instituting cost-cutting measures like travel restrictions and hiring slowdowns or freezes, rather than across-the-board cuts.

In fact, in November, a blog report claimed Google was readying pink slips for 10,000 of its workers. But within days, my colleague David Faber confirmed that the company, which has hired an estimated 15,000 workers over the past three years, would essentially institute a hiring freeze instead, and that a massive layoff at Google was not imminent.

A source did tell me that Microsoft considered a more aggressive strategy, including a significant layoff. Those plans may still be on the table, this source says, but it appears the company will instead reign in costs in other ways...
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