Microsoft to cut nearly 1,000 jobs: reports

[getagrip_already]

1. They are merely cleaning the books......

All large companies do this. They wait for a reason, then they announce a large layoff. While some really are facing revenue issues, others are just cleaning house.

For the latter case, they are relieving themselves of very highly compensated individuals and replacing them with younger, lower paid workers over time. Microsoft will be hiring right though the layoffs.

Many are long past possessing cutting edge skills, and have settled into supporting or management roles. The companies view them as overpaid for the functions they are performing, so it is a convenient way to get rid of them.

The industry term is cleaning the books. Out with the old, highly paid and loyal employees and in with the young, hungry, and current skilled cheaper labor.

Rinse, lather, repeat.

Employees are capital equipment. Use them until they wear out or the roi is no longer favorable compared to a new mdel.