News MSI layoffs rumoured

http://www.bit-tech.net/news/bits/2009/11/26/msi-layoffs-rumoured/1

Industry sources are reporting that hardware manufacturer MSI is looking to start 2010 with a staffing reduction of between 10 and 20 percent of its workforce.

 

It's quite clear that no institution is out of the woods completely and the recovery will be slow especially for technology companies like MSI due to the nature of the items they sell. People have cut back on this kind of luxury expenditure especially so no surprise there.

Having been fired 2 times over the last 1 and a half years though, I can fully sympathise with any that get the boot. If they are under-performers they probably know it already and that's a hard feeling to live with for a month before the axe falls.

 

Could be a coincidence, but it seems oddly human for the company to not fire anyone before Christmas. As Digi said, no ones in the clear yet, it will be a while before spending ramps back up.

 

I thought MSI had pulled out of the motherboard market.

no wait, just remembered that was abit wasn't it.

Sounds sensible though, removing under-achieving employees