Massive Layoffs Imminent at Microsoft?

It looks like Sony isn't the only corporation with a videogaming division that's being hit hard by the global recession. According to a report by The Independent, Microsoft is considering the possibility of cutting at least 10 percent -- or maybe as much as 17 percent -- of its global workforce in an effort to save costs. The story points to rumors that recently appeared on Fudzilla, where the scope of the potential cuts were first reported. According to Fudzilla, while some parts of Microsoft -- namely the volume licensing department and the Xbox division -- are doing well, other parts had to cut their expected sales in 2009 by as much as 90 percent. That means there would be far less work for the staff in these departments to do, and would therefore create a large amount of redundancies. With about 90,000 Microsoft employees around the world, as many as 15,000 jobs could be threatened. Eliminating 10 percent of its ... (link)