In the News (from The Rediff News): “Microsoft plans to lay off 5,000” Less than four months after announcing plans to slash 5,000 jobs, software giant Microsoft has warned of more job cuts depending on the impact of the economic slowdown. “As we move forward, we will continue to closely monitor the impact of the economic downturn on the company and if necessary, take further actions on our cost structure, including additional job eliminations,” Microsoft CEO Steve Ballmer said in a memo to employees on Tuesday.

My Comment: The same thing is happening all over. Meanwhile, we’re led to believe that the crisis is over and everything is fine.

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