Microsoft to cut 5,000 jobs – no one immune to the credit crunch
Microsoft today announced its quarterly financial reports to Wall Street saying it would be cutting 5,000 jobs starting with 1,400 jobs next week, probably a bit of a bummer if you happen to work there.
Shares in the company fell by 8.5% in pre-market trading after profits went down from $4.71 billion to $4.17 billion in the last quarter but I’m not entirely convinced this isn’t an error by a dyslexic accountant.
The Windows wielders will be axing positions in R&D, marketing, sales, finance, legal, HR and IT, which is just about all departments. No mention of whether or not Ballmer is safe.
To date, it’s just about only Apple who haven’t done any “restructuring” but then it’s their loss if they choose to ignore the opportunity of cutting some dead wood. Or is that what this Steve Jobs illness is all about?
Reuters
Related posts: Sony pay cuts | MobileMe on Microsoft
