Microsoft has no plans to layoff employees

Posted on Friday, Jul 12 2013 @ 10:20 CEST by Thomas De Maesschalck
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Microsoft CEO Steve Ballmer confirmed that the software giant is planning a massive reorganization but assured employees that there are no plans for layoffs. In fact, Ballmer even suggested that Microsoft could be hiring more people.
For now, Microsoft employees can rest easy. As part of a media and analyst conference call today, Microsoft CEO Steve Ballmer told a reporter from the Seattle Times."We have no plans for layoffs". He added, "We certainly want to extend what we’re doing.” That would seem to suggest that Microsoft could in fact be hiring more people; a report in late-May suggested that Microsoft was planning to hire thousands of new workers to boost Windows Phone and its cloud platforms in China.

The conference call was a little different than the ones that Microsoft holds every three months to discuss its financial results. Nearly all of Microsoft's newly named executive vice presidents were a part of the call and many of them took questions from analysts and journalists. When asked by one analyst how this major change will affect its financials, Microsoft's chief financial officer Amy Hood responded, "This is really about setting us up for long-term profit growth."
Source: Neowin

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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