There are reports that Microsoft is getting ready to lay off 17% of their workforce on this new year. The layoffs are expected to happen on or around January 15th. So it looks like the rumors are right and this recession is going to hit one of the most successful technology companies of all time.
The rumors include that most of the layoffs will be seen in the MSN group, with other layoffs in Microsoft EMEA divisions. This is not the type of news Microsoft employees like to hear on New Years. There is a lot of coverage on the news at Techmeme.