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Microsoft Makes Some Cuts

Not a huge surprise here, but Microsoft is cuttingĀ 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.

January 22, 2009 Posted by | Did you know?, Economy | , , , | Leave a comment