Comment Re:On the plus side (Score 1) 52
Yes they do. My company is doing it too. Well technically they have stopped all new hires other than intern replacements, we treat our interns well and their salary these days is better than I got as a full timer when I started. And MS is not laying people off. They have just stopped hiring new, and may not hire head count replacements unless there is a strong business case.
Many or if not all non-intern employees have long term investment in discounted company stock. We want to protect our value. Things take longer as we are swamped? OK. But I don't want stock options to be wiped out. I want to retire some day...