PSFT - Fiscal 1998 - Discussion for the next year Message Board

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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year

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Oct 29 5:00 PM EST

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To: Chuzzlewit who wrote (4403)	1/28/1999 9:57:00 PM
From: Melissa McAuliffe	Read Replies (1) of 4509

I think that if PSFT were a different kind of company they might have been able to avoid the layoffs through normal attrition. Unfortunately, I don't get the impression that PSFT employees regularly leave the company since they're known to have one of the lowest attrition rates in the industry. I heard that SAP had some layoffs too a short while ago but I also heard that many many people were leaving SAP voluntarily. I actually think that SAP might be doing this layoff thing a few at a time which is a much worse way to do it, IMHO. Granted, you don't have to make any big announcement but it creates tremendous uncertainty for the employees...never knowing if they'll be next. So when you think about it in hindsight layoffs were almost a inevitability...PSFT hired like crazy last year expecting a certain % growth...the growth targets were reduced and couldn't support the headcount any longer....people weren't leaving voluntarily....so they had to do something....this was it.

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