Microsoft advised to lay off over 9,000 employees

Posted by spy on December 29 2008, 5:43 PM. Posted in Microsoft Corp.

The world's top software firm Microsoft has been asked to cut its workforce by 10 per cent, or about 9,100 employees, to tell themarket that profits are more important than revenue growth in difficult times.Brokerage firm Oppenheimer & Co's analyst Brad Reback has said in a report on Microsoft that such layoff exercise "would be a healthy move for the company."The move would be well received by the market and would "signal that profitability is more important than revenue growth during this very difficult time," Reback added.Calling for a 10 per cent reduction on the company's payrolls, Reback said in his report for the institutional investors of Microsoft that this would result in an approximately 10 per cent gain in its earnings per share.The software giant had close to 91,000 employees on its payrolls at the end of July-September quarter.

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