Considering that Microsoft just recently trimmed it's less used offerings (Enactra Encyclopedia anyone) it makes sense. Of course some of those coders may just transfer to somewhere else in MS, but the marketing people that got let go because their product failed may be SOL.
As if their bottom line is in the red. Can't they retrain these people to fill those positions left open by those who voluntarily retire or leave the company?
Or maybe these are really excess baggage with no real contribution to the company. The clown knows best.
[citation][nom]cookoy[/nom]As if their bottom line is in the red. Can't they retrain these people to fill those positions left open by those who voluntarily retire or leave the company?Or maybe these are really excess baggage with no real contribution to the company. The clown knows best.[/citation]
This is a common sentiment when it comes to companies laying people off. It implies an obligation by the company to take care of their employees. Sorry, it doesn't work that way. Companies are in business to make money, first and foremost. They aren't there to provide a paycheck, and benefits, and PTO. Employees have a job and are paid because their services will help the company make money or cut costs. When that service is no longer required, why should the company be obligated to keep paying? If you cancel your cable subscription or phone service or whatever else, do you feel compelled to keep paying them?
I have a problem with large companies in general: IBM, Dell, Avery, etc ( I worked for two of them).
All companies (large and small) always expect growth. After a company is large, they are about as large as the company can get.
In the case of Avery, this company is mature, very profitable, and has lots of cash. So, the only way for "growth" is to reduce staff (or replace good staff with cheaper staff).
Can someone explain why lots of profit and cash is so bad? What's wrong with Dividends? When a company is currently working well, why "fix" it?
Can someone explain? Thanks.
I'm sure employees need to sign they understand they can be fired for any reason any any time. This is easy to understand.
What I don't understand is companies making huge profits then firing boatloads of people.
"Eliminate 5000 jobs, At the same time, we continue to hire in priority areas" Translation: salary dumps, get rid of higher waged regular employees, hire new low waged starter employees that makes it a priority area for sure. How about can the over paid execs whose main functions are to take the corporate planes to go play golf and bitch how bad the economy is and how they have had to cut back on Beluga caviar.
"Can someone explain why lots of profit and cash is so bad? What's wrong with Dividends? When a company is currently working well, why "fix" it?
Can someone explain? Thanks."
Because senior management compensation is usually tied to stock options. The stock prices will not increase if a mature company that consistently pays out expected dividends but exhibits zero growth, which greatly reduces the value of those options. Managers have a huge incentive to increase stock price at all costs, including laying off workers to boast profits and engaging in risky ventures.
That's not to say that all layoffs are motivated by executive greed. Depending on whom they cut, MSFT could be justified in reducing headcount at this point in time.
[citation][nom]wildwell[/nom]Does that mean Microsoft just hired 800 new employees over seas?[/citation]
Or they'll wait till an area gets piss poor enough and the people start committing crimes and then put their asses in jail so they can have them package software for nothing. Got to love legal slavery.
[citation][nom]Kelavarus[/nom]What Jellico said.I just applied for a job, and it says distinctly above where I sign "I understand that if I should be employed, the employer has the right to dismiss me with or without reason."I'm betting Microsoft's is similar. If someone SIGNED the bloody paper, they admit they understand that.[/citation]
That would only be for states that are classified as "Employement at Will." Meaning that you working in this state is not a right but a priviledge. I have walked several individuals out of the doors without telling them anything but grab your keys and bag and security will escort you out the door. Most times we do not give them a chance to pack their own office. HR will gather anything deemed non company and arrange to give it to them.