09.24.10
Gemini version available ♊︎“Hearing Lots of Rumors of More [Microsoft] Layoffs Next Week or the Week After.”
Yet another concurrent rumour
Summary: As Microsoft keeps shrinking (less workers, fewer products, lower wages, no benefits) there is expectation that more layoffs will be announced very soon
“Hearing lots of rumors of more layoffs next week or the week after,” says this new comment at Mini-MSFT, a blog occupied by many anonymous Microsoft employees. Previously, such claims from Mini-MSFT comments turned out to be true. This one is not an isolated claim, either. There are several others which we wrote about a few days ago in the context of layoffs. Microsoft results are coming shortly (to be misreported for sure) and given bad expectations from a Standard & Poor’s analyst and from Credit Suisse, these rumours make sense.
Microsoft has debt and it has just been labeled “Worst Performing Dow Component”:
The Dow’s worst performers include Microsoft (NASDAQ:MSFT) that is trading at $24.48 or -2.66% from the previous close. Shares of Microsoft, the maker of Windows operating software have defined support at $23.32 and resistance at $25.53.
Even people whose livelihood depends on Microsoft acknowledge that Microsoft is shrinking (many dead products) and Microsoft Nick asks (citing Rosoff): “Microsoft at terms with no longer being a growth company?” That post is trying to embellish it for Microsoft. These analyses are published under headlines that are designed to get sceptics’ attention and then make it sound like Microsoft will recover. There is no reason to believe this. It’s not as though anything revolutionary is over Microsoft’s horizon. █
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