Microsoft kills new construction: Layoff news tomorrow?

If a layoff at Microsoft is going to be announced, tomorrow is a likely day, reports Todd Bishop in his Microsoft blog. Bishop says that the software giant has scheduled a "town hall" meeting after it reports earnings. Not that a town hall meeting itself is unusual -- but this would be an ideal time for Microsoft top guns to announce whatever spending cuts they may impose.

Meanwhile, reports that next on the chopping block is Microsoft's Seattle-area construction projects. The article states:

"When Microsoft Corp. reports its second-quarter earnings Thursday, the company is expected to outline a series of cost-cutting measures, which will include postponing most of its plans to further expand its facilities across the Puget Sound region."

SeattlePi believes that Microsoft will suspend all construction projects for at least three years and not renew many of its leases. Though this news smells of a layoff, it might not materialize. If Microsoft has already put a kabosh on hiring, compared to growing its workforce 16% in 2008, it wouldn't need to invest in as many new facilities at this time.

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