Microsoft sacks 5000, hoards $21 BILLION
Apparently, the software giant just evaded what could have been a pretty bad PR fiasco this week when it asked about 25 of its ex-employees to return the extra severence pay that they had received by accident. According to their human resources VP, the workers were later told they could keep the cash after she "decided it didn't quite feel right."
Well, I'd like to see how she dresses up this shameful contradiction...
Even though Microsoft saw fit to end the livelihoods of 5000 of its lowly workers, not only is the copyright mammoth still profitable - but it has managed shamelessly to hoard a whopping $21 billion in cash reserves!
How's that for frugal?!!
With the recession biting into sales of Microsoft's core Office and Windows software, the company said in January it would let up to 5,000 of its 94,000 employees go, the only mass layoff in its 34-year history. Microsoft remains profitable, however, and has a cash hoard of nearly $21 billion.
Ebenezer Scrooge move over - bill gates is in town.