Analyst predicts more Microsoft layoffs than 5,000 already announced

“Seattle-based analyst Sid Parakh has said in a research note that Microsoft could lay off more people than the previously announced 5,000 job cuts,” Andrea James reports for The Seattle Post-Intelligencer.

“‘Over the last week, we have heard from multiple sources that Microsoft may engage in additional restructuring activities in the near-to-mid term,’ Parakh writes in a research note published by his firm, McAdams Wright Ragen,” James reports. “‘While our checks seem to unanimously imply further headcount cuts, there is uncertainty around whether such cuts will be a moderate revision to plans announced in January or is a sizable addition to prior headcount reduction plans.'”

“He adds that he has few details on the size, timing of the announcement, timeframe of cuts, geography or affected business units or contractors,” James reports.

More in the full article here.

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[Thanks to MacDailyNews Reader “Elija” for the heads up.]

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