Microsoft, American Air Brace for Reported Layoffs
ABC News: Layoffs are reportedly coming fast to two large U.S. companies. Microsoft will announce plans to reduce 60 divisions down to seven, with significant layoffs, KOMO News reports, while American Airlines may jettison thousands of workers in its reorganization.
A Microsoft spokesperson says the company is taking steps to improve its marketing effectiveness which includes a reduction of marketing positions. It was back in early 2009 Microsoft issued its first ever layoffs, shedding 5,000 jobs due to the economic downturn. (I heard on the radio today they laid off 200 employees, with the possibility of laying off up to 2,000 workers.)
Meanwhile, American Airlines’ bankrupt parent, AMR Corp. is preparing to announce layoffs. Police have been placed on standby while the company meets with unions this morning, ABC-WFAA’s News 8 reports from AMR’s headquarters in Fort Worth, Texas. AMR filed for Chapter 11 bankruptcy protection on Nov. 29.
Company executives were scheduled to meet with employees to detail concessions that they want from unions under a reorganization plan, the AP reported. Company executives were scheduled to meet with employees to detail concessions that they want from unions under a reorganization plan, the AP reported.
American Airlines has 87,000 employees worldwide and some reports indicate they plan to layoff 13,000 employees.
Just two days ago Michelle Obama cited “remarkable progress” on the economy during a speech. “In the last three years, we’ve worked hard to get out of this mess and we’ve made some remarkable progress,” the first lady told a group of about 135 supporters at a private campaign event for her husband. “We know there are people still suffering and there is a long road left to travel,” she continued, citing unfinished work as another reason to reelect Obama.
Unfinished work? I shudder to think what more damage this president can possibly do to our country.