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 Microsoft to cut up to 5,000 jobs

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Haadi

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Number of posts : 43
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Location : Pakistan
Registration date : 2008-10-10

PostSubject: Microsoft to cut up to 5,000 jobs   Sat Jan 24, 2009 4:54 pm

Microsoft has said it will cut up to 5,000 jobs over the next 18 months, including 1,400 immediately. The firm also reported a net profit of $4.17bn (£3bn) for the three months to 31 December, down 11% on last year and less than analysts' expectations. Microsoft added it was "no longer able" to give a profit and revenue outlook for the fiscal year amid current volatile market conditions. Shares in Microsoft fell 7.9%, dragging Wall Street lower.
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