UwidoNews

World leader Microsoft may soon lay off more than 9000 employees of the company.

The world technology giant has been advised to layoff 9100 employees to increase its profit and shrug off the economic recession that has paralysed the whole world, particularly the western countries.A leading brokerage company Oppenheimer

Observing that the H-1B work visa programme helps hire the best available talent of the world, American software giant Microsofthas said H-1B visa holders has contributed significantly to its success.However, the company, which had recently announced to lay off some 5,000 jobs in the next 18 months, would be handing over pink slips to H-1B visa holders too.

Indian software major Infosys Technologies will add 1,000 employees to its 14,000-strong US work force over the next 12 to 18 months as part of its expansion plans in North America. Read the rest from the link above.

The new year is starting off with a whopper of a rumor. CNET News reports that Microsoft is planning to cut 15,000 jobs, 17 percent of its workforce, on January 15. Previous rumors stated Microsoft would look to cut 10 percent of its global workforce, says DailyTech.

With Tuesday's second round of layoffs , which included 1,200 locally, Microsoft has made almost all of the planned 5,000 job cuts announced in January.But there could be more coming.In an e-mail to all employees Tuesday, CEO Steve Ballmer left open the possibility of more layoffs."As we move forward, we will continue to closely monitor the impact of the economic downturn on the company and, if necessary, take further actions on our cost structure including additional job eliminations," he said.

What can one do to lighten the mood of an economic downturn when millions of Americans have lost their jobs and taxpayer dollars are being funneled by the millions to bailed-out bank execs? Play Layoff, a new Web-based, casual, Bejeweled-like game that requires the player to take the role of hatchet man. Score big by giving pink slips to employees and save your corporation money.The rules of the game are pretty simple. Click on employees in order to line up matching characters.

Stocks are likely to begin trade on an optimistic note on Wednesday tracking the recovery across global markets. On the domestic front,the government unveiled its third stimulus package after market hours Tuesday which will further boost sentiment.The government cut factory gate duties and service taxes in an effort to boost demand and revive growth in economy as it reels under the impact of the global economic crisis.

Global warming could kill jobs in refining, manufacturing and other industries, even as union and energy company.

The All India Bank Employees Association (AIBEA), representing about 600,000 bank employees in the country, plans to go on a day's strike on 16 December to protest the move to merge state-owned banks.