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Google China Guarantees No Layoffs, Microsoft China "to Feel Little Effect"
Google (Nasdaq:GOOG) China will definitely not lay off employees, reports Sohu quoting company president Kai-Fu Lee on Friday. The company is taking steps to compensate employees for stock losses sustained in the financial recession, said Lee. Previous rumors said Google China was preparing a list of employees to dismiss and planned to make cuts after Microsoft (Nasdaq:MSFT) China announced its layoffs.
Microsoft's (Nasdaq:MSFT) plan to lay off 5,000 employees globally will have little effect on its China region business and employees, reports Beijing Evening News quoting a related Microsoft China insider. The insider did not disclose how many employees would be laid off in China. Microsoft invested $280 million last May in a Beijing research center that was expected to accommodate 5,000 and be complete in 2010.
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