Microsoft 'town hall' meeting will cap week of layoff suspense |
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Microsoft 'town hall' meeting will cap week of layoff suspense
Microsoft has alerted employees to a "town hall" internal meeting with CEO Steve Ballmer "and other senior leaders" scheduled for Friday morning, following its Thursday afternoon earnings release. For the record, the company says it routinely holds these types of town hall meetings after it reports earnings.
However, given widespread rumors of impending cutbacks -- including possible layoffs -- this one seems to be generating quite a bit of buzz among employees, and feeding the rumor mill. If the company were to announce cutbacks toward the end of this week, the Friday session would provide an obvious forum for discussing and explaining the plan.
The internal notice says Ballmer and other executives will "share their thoughts on Q2 earnings results and the year ahead."
Still no comment from the company on the possibility of layoffs. We're hearing quite a bit of speculation, but no first-hand information yet.
Even if no cutbacks are announced, there will be plenty to discuss. Microsoft's earnings are a subject of intense speculation on Wall Street, as PC sales slump and other tech companies feel the effects of the economic downturn. Whatever happens, the Thursday afternoon report is shaping up as one of the more dramatic in the company's history.
Stay tuned for coverage throughout the week.
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