Microsoft Fires 7,800: Second Biggest Mass Layoff In Its History
It has been almost exactly one year since Micorsoft announced it would fire a record 18,000 people, surpassing the previous all time high layoff round of 5,800 in 2009, this from a company that once upon a time was seen as infallible. So perhaps in order to release more funds with which to buy back its struggling stock, Microsoft did what it had to do to make corporate executives richer, and reported it would lay off another 7,700 workers. WOULD THEY REALLY BE DOING THIS IN A HEALTHY INVESTMENT ENVIRONMENT?
China Makes Selling For Big Investors Illegal
Having corralled selling by the National Social Security fund earlier this week and after discouraging local reporters from mentioning selling in the press, China has now made it illegal for major shareholders to dump stock over the next six months. CAN YOU SAY COLLAPSE? HOW ABOUT DESPERATION?
China Crashes Most Since 2007 Amid "Panic Sentiment"; Over Half Stocks Suspended, PBOC Promises "Liquidity Support"
*CHINA TRADING HALTS LEAVE 54% OF ENTIRE STOCK MARKET FROZEN, CHINA'S SHANGHAI COMPOSITE INDEX FALLS 8%, MOST SINCE 2007
There's "panic sentiment" currently in our stock market with "unreasonable selling" pressure.