Microsoft To Layoff Employees

   It seems that all of those rumors on the Internet about Microsoft laying off 15,000 workers is no longer a rumor. Though it is not official yet, analyst expect the company to layoff as many as 8,000 workers in its first round of cost-cutting measures.

       Microsoft Microsoft has declined to comment on any likelihood of job cuts. Its shares have dropped 41 percent over the past year, while shares in another technology bellwether, IBM, have lost 16 percent. The S&P 500 Index has dropped 38 percent during the same period.

"Checks indicate that Microsoft is likely to engage in headcount reductions to the tune of 6,000 to 8,000 employees or 6 percent to 8 percent of its 95,000 workforce," said McAdams Wright Ragen analyst Sid Parakh. "Our checks also revealed some speculation over the potential for a second round of cuts in some groups sometime later in the year."

   This would reportedly be Microsoft's first ever layoff of workers.

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