Microsoft accumulates immense profits, starts layoff of thousands of employees worldwide

The multinational giant Microsoft- despite its immense profits- is laying off more than 3,000 employees, with the cuts falling largely on the company's sales force. The vast majority of layoffs will hit employees located outside the United States, although some will also be in Redmond. Greek Telecommunication & IT Workers Unions has condemned the lay offs:

The Telecommunications & Information Technology Unions of Athens, Thessaloniki, Forthnet and 360 Connect (Vodafone) members of PAME (All-Workers Militant Front) and WFTU (World Federation of Trade Unions) condemn the multinational Microsoft, which announced that it will lay-off 3000-4000 from its sales departments.

The "reason" of the layoffs is the company's decision to proceed with restructuring aiming at the further development of other services eg cloud. The use of the new possibilities offered by science and technology development under the ongoing effort the of monopolies to increase their profitability and competitiveness leads thousands of workers to unemployment, even to giant companies such as Microsoft.

The policy of layoffs in the context of restructuring to boost profitability has been followed by other IT companies around the world. In a sector of tremendous profitability, the extreme competition of business groups requires continuous sacrifices from the workers, deterioration in working conditions, wage cuts and abolition of workers’ rights.

Against the anti-workers’ policies of the business groups, workers have the weapon of organization and solidarity

We express our solidarity to the thousands of Microsoft employees and call them to coordinate our struggle, to protect our jobs and our rights

Telecommunications & Information Technology Union of Athens
Telecommunications & Information Technology Union of Thessaloniki
Telecommunications & Information Technology Union Forthnet
Telecommunications & Information Technology Union 360.

Source: PAME.