Cost Cutting - yes , no layoff at Microsoft

Rumors of a broad workforce reduction at the world's largest software maker have been swirling since a blog post last week purported to show that Microsoft was preparing to lay off as many as 15,000 employees, or 17 percent of its workforce. A Microsoft source tells Goldman that the speculation is "grossly exaggerated," but added that "any company not paying careful attention to headcount in a climate like this is nuts." Calls and emails to Microsoft Saturday morning were not immediately returned.

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Job Cuts ? Let us know

ASSOCHAM has been forecasting a 25% job cut across various sectors

Has there been a job cut or hiring freezes in your organization (IT, Brokerage, Infrastructure, Real Estate.. or any other sectors?!). There has been news/rumours that there were layoffs in Real Estate,IT and brokerage companies . Know anyone out there ?

Leave a comment and let us know. This would help us gauge the severity of the issue.

PS: Comments can be left anonymously and cannot be tracked by anyone :)

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HP Job cuts to affect over 24000

Hewlett Packard (HP) said it is planning to cut around 24,600 jobs over the next three years as it integrates enterprise technology firm Electronic Data Systems Corp. (EDS), which it acquired for US$13.9bn in August. Before the acquisition, HP had 178,000 employees and EDS 142,000, a total of 320,000, making this cut equal to 7.5% of the company's combined workforce. HP would take a one-time charge of about US$1.7bn in the fourth quarter, but says it will save US$1.8bn a year from the job cuts. HP said it plans to eventually add about half the positions back in new areas. About half the layoffs will be in the US, with more than half affecting EDS employees.