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Microsoft Workers: Prepare to be AXED !


It's only a matter of time before Gate$ and Ball-me replace you all with
robots....

http://biz.yahoo.com/ap/040520/na_fi...it_cuts_2.html

Microsoft cuts worker benefits to save $80 million a year

REDMOND, Washington (AP) -- Microsoft Corp. is reducing prescription drug
benefits and employee stock discounts to save at least $80 million a year,
workers have been told.

The cuts will "better align our benefits with those of our competition while
still keeping us ahead of the market average," Kenneth A. DiPietro, vice
president of human resources, wrote in an e-mail to employees Tuesday.
In September, Microsoft withdrew a stock option plan that once made a number
of employees millionaires but in recent years yielded little because of
stagnant share prices.
Since then, Microsoft has given employees smaller amounts of stock outright.
The company also has imposed other cost-cutting measures, including
reductions in travel and entertainment spending, to sustain profits in a
weaker technology market.
--
Call Me Bubba !
Jul 21 '05 #1
2 1195
who gives a toss?
Jul 21 '05 #2
What the hell does Microsoft need to cut costs for?

It earns a totally immoral sum of money anyway?

Is Bill feeling a bit strapped for cash?

Si
Jul 21 '05 #3

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