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UPDATED: Microsoft exploring job cuts, could announce next week

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UPDATED: Microsoft exploring job cuts, could announce next week

Redmond (WA) – In what’s being called “a rare move,” Microsoft is considering job cuts and may announce as early as next week, according to The Wall Street Journal. While the plans are still in flux, Microsoft is looking for ways to tap new sources of revenue which could stave of any significant cuts.

See The Wall Street Journal.

UPDATED:  January 15, 2009 – 8:44am CST
The Wall Street Journal article has updated its language. It now says “Microsoft Corp. is seriously exploring significant work force reductions that could be announced as early as next week, in a sign that the weak economy is prompting tough decisions even at one of the steadiest ships in the technology industry.”

Several websites and blogs have speculated since early January about possible layoffs. A Yahoo! Finance article from Tuesday says the layoff day will be January 22, 2009. A video on that article estimates that Microsoft could be laying off 17% of its total global workforce.

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