OXCGN found some interesting information while scouting todays Venture Capital news. It seem Microsoft could well be cutting some decent jobs in January 2009.

Check out the article and follow the links to see full details.

It's also worth noting that EA has "doubled" it's earlier estimate job loses, making it now a significant number of jobs from the publishing giant globally.

The current economic climate is affecting even the big players with recent news that Sony would cut 16,000 jobs and pull out of business to save $1.1 billion a year, due to the financial crisis.

In even more recent developments, Electronic Arts, one of the largest interactive entertainment publishers have reported staff reductions of up to 1,000 employees; this amounts to around 10% of the entire EA workforce. These are nearly double the initial lay-off figures first reported, with the ever changing financial environment forcing ever further changes.

Today some interesting rumours have surfaced regarding significant lay-offs and cutbacks at Microsoft. If the rumours are to be believed, Microsoft will be facing considerable reductions in staff across the board. These would encompass the bottom performers (10% of the entire Microsoft divisions) resulting in 5,000 to 10,000 job losses.

XboxOZ360 via minimsft.blogspot.com »