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MSI to lay off 10-20% of employees after the holidays?

By Matthew
Nov 25, 2009
  1. Layoffs may continue in the computing industry, as MSI reportedly prepares to hand pink slips to a large portion of its global workforce. The computer-maker supposedly plans to cut its staff by as much as 20%, and no less than 10%, according to unnamed sources cited by DigiTimes.

    Read the whole story
     
  2. harby

    harby TS Rookie Posts: 37

    Lay offs are never good news :/

    And I thought the recession was pretty much over :(
     
  3. Matthew

    Matthew TechSpot Staff Topic Starter Posts: 6,074   +84 Staff Member

    Recession or not, companies still clean house when needed. That said, nothing is official yet.
     
  4. vangrat

    vangrat TS Rookie Posts: 223

    Lay offs will always happen regardless of recession. Business's will cut costs to uphold their bottom line, and the easiest way to cut costs is to cut people...
     
  5. klepto12

    klepto12 TechSpot Paladin Posts: 1,364   +9

    ouch right after the holidays now that is a blow i figured the holidays would bring increased profit which would stop all the lay offs but guess i was wrong i feel sorry for all those people since i have gone thru the same thing :(
     
  6. TomSEA

    TomSEA TechSpot Chancellor Posts: 2,355   +402

    Not unusual for layoffs to occur right after the holidays when everything slows down. But if this pans out and it really is 20% of their workforce, that is a considerable amount of layoffs. I wouldn't be investing in any MSI stock right now.....
     
  7. Timonius

    Timonius TS Booster Posts: 584   +33

    Hmmm... would I buy any MSI products right now? Either the workers are going to work extra hard to keep their jobs or if they know 1 in 5 will lose their job they might just slack off. I'd be questioning the quality of the manufacturing...
     
  8. lfg18

    lfg18 TS Rookie Posts: 86

    It's very sad to hear about this stories, my friend just got fired a few week ago, I hope this ends soon :S, anyway, I agree with Tom SEA jaja, I would not invest in MSI right now, well in fact I don't really like their products
     
  9. Didou

    Didou Bowtie extraordinair! Posts: 5,899

    Actually trade markets tend to react positively to lay-offs as they expect that the lay-offs will mean brighter operational results in the following quarters & the shares tend to go up in value accordingly.

    Lay-offs can almost be considered to be quick share boosters, one of the many evil sides to a stock market.
     
  10. MrAnderson

    MrAnderson TS Maniac Posts: 488   +10

    At least they are waiting till after the holidays. Lay-offs are only a quick visual fix to a deeper problem.
     
  11. saintbodhisatva

    saintbodhisatva TS Rookie Posts: 59

    I was laid-off once, and it was before the holidays.
     
     
  12. bedouinrising

    bedouinrising TS Rookie Posts: 90

    I never liked MSI products. Had a mobo from them a few years back that was nothing but problems
     
  13. Adhmuz

    Adhmuz TechSpot Paladin Posts: 927   +104

    I can't comment on the quality of MSI products having never owned one, but with the launch of some new notebooks (Two of which are actually articles today on techspot) you might expect less layoffs in that sector of business. Unless of course they don't sell then there might be more. Sure am glad I don't work for MSI right now.
     
  14. Puiu

    Puiu TS Maniac Posts: 1,073   +100

    If MSI denied the rumors then the lay offs might not happen or the numbers might be lower than 10%. Either way at least they are waiting for the holidays to pass.
     
  15. PUTALE

    PUTALE TS Rookie Posts: 178

    mmh, I thought MSI is doing quite well. it's hard for me to see them laying off workers again this year. Maybe they are not doing as well as I have thought.
     
  16. sky_could_fall

    sky_could_fall TS Rookie Posts: 17

    It`s the fastest way to cut expenses but for short period of time. This shows that even in computer industry things aren`t going too good too.
     
  17. Nirkon

    Nirkon TS Enthusiast Posts: 243

    I think its expected of them to deny the rumors, they don't want to freak out employees (ahead of time),
    layoffs are always bad though... you could be stuck without a job for a very long time, and it eats up all your savings (I've seen it)
     
  18. Elohim83

    Elohim83 TS Rookie

    At least the motherboard unit of MSI seems to do it's work right if the article is correct about which sections are under the "hammer", so to speak. Good for them in these dark times, economically speaking.
     
  19. guyfred26

    guyfred26 TS Rookie Posts: 17

    This is not good for the employees of MSI that will be laid off. On the other side cutting high paid jobs will give the MSI company more profit. And can cut down price range of their products.
     
  20. Puiu

    Puiu TS Maniac Posts: 1,073   +100

    If lay-offs are going to happen then the employees will be the first to know, not us.
     
  21. lupinnktp

    lupinnktp TS Rookie Posts: 44

    20% is a large cut. perhaps it's more of a house-cleaning, which is followed by addition of new staffs? Market is on its way up, so this is sort of a cold blow, though...
     
  22. KG363

    KG363 TS Enthusiast Posts: 524   +9

    Ive always been a fan of MSI. Its sad to hear this news
     
  23. levar

    levar TS Rookie Posts: 232

    exactly, but I wonder what other computer-makers will start having layoffs heh.... well look at the bright side people that hadn't have jobs those who are in school...etc. and will be graduating will probably get jobs.
     
  24. buttus

    buttus TS Enthusiast Posts: 187

    The layoffs in tech continue. At least they are waiting until after the holidays. Still, there will be lots of worried dads and moms that work at MSI during this holiday season. I hope this turns around and soon.
     
  25. jerry53

    jerry53 TS Rookie Posts: 27

    its too sad that right after christmas they are gonna be without a job ,i really dont know if this is a good decision as msi"s sales are pretty steady and they made a good profit ,but i guess those ceos"s need more money for their fishing trips and their golf courses
     
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