Microsoft to layoff 55 employees in India

Microsoft plans to lay off 55 Indian employees, around one per cent of its 5,500-strong workforce in the country. The move is part of its global plan to shed around 5,000 global jobs, as its net income fell 11 per cent for the quarter ended December 31, 2008.

The company said:

“We are currently working with the concerned employees to evaluate alternative positions internally and where applicable look at mutually favourable disengagement terms.”

“Due to a global realignment of our business priorities, about one per cent of the net rolls across India are likely to be impacted”