Microsoft takes money back from sacked workers

Microsoft is asking recently laid-off employees to return some of their severance pay that the company apparently overpaid, according to reports. As the recession bites, Microsoft and IBM are both facing layoffs and bad publicity.

Microsoft Results Disappoint, 5,000 Job Cuts Coming

Microsoft reported quarterly results on the 22nd January that missed Wall Street expectations and the software giant announced that it would eliminate 5,000 jobs. The results show that even Microsoft is not immune to the recession and the sluggish global economy. Microsoft eliminated 1,400 jobs on the day it announced its results and the rest of the cuts will follow during the next 18 months.