Layoff. What an ugly word. I’m not sure which sounds worse to the ears… retrenchment or layoff. I guess retrenchment is worse. Good thing that Microsoft is an American company and we use the word layoff instead of retrenchment.
It was just announced that Microsoft is laying off 5,000 employees over the next 18 months. 1,400 of those positions will be eliminated today.
They will be offering the affected employees severance pay. (Follow the link for a good resource regarding severance).
These sad, sad economic times…