Whether rumors of lay offs at Microsoft are true or untrue (and most indications seem to point to not true, says Microsoft Blog), some Wall Street analysts seem to be encouraging Microsoft job cuts. "In a report today, Goldman Sachs' Sarah Friar says lay offs at Microsoft are "likely" and would be "good for the shares," writes Joseph Tartakoff at Microsoft Blog. Friar is quoted as saying: "Industry analysts have begun to speculate on whether or not the company is about to announce a significant reduction in force -- in the 10%-17% range. In our view, the company is likely to cut heads -- most other large IT companies are already doing so -- so a cut in 10% range seems reasonable and, in our view, good for the shares." Tartakoff also reports Oppenheimer & Co.'s Brad Reback previously said Microsoft job cuts would be "healthy" and a 10 percent reduction would equate to about 10 cents of earnings per share.