GamersCrib
01-25-2009, 12:50 PM
Software maker Microsoft (http://www.Microsoft.com) announced Thursday it will cut up to 5,000 jobs in the next year and a half, or 5.5% of its global workforce, citing further deterioration of global economic conditions.
The company also posted lower fiscal second-quarter earnings that missed analysts' forecasts.
Microsoft will slash 1,400 positions immediately, with the rest of the cuts coming by June 2010. The company said it will save about $1.5 billion in operating expenses and $700 million in 2009 capital expenditure.
Read more here (http://money.cnn.com/2009/01/22/technology/microsoft_jobs/index.htm?postversion=2009012209):
The company also posted lower fiscal second-quarter earnings that missed analysts' forecasts.
Microsoft will slash 1,400 positions immediately, with the rest of the cuts coming by June 2010. The company said it will save about $1.5 billion in operating expenses and $700 million in 2009 capital expenditure.
Read more here (http://money.cnn.com/2009/01/22/technology/microsoft_jobs/index.htm?postversion=2009012209):