New York, Jan 22 (DPA) Software giant Microsoft announced Thursday plans to slash up to 5,000 jobs as the company faces the effects of the world economic crisis. It would be the first job reductions ever in the company's history.
The Seattle, Washington-based firm, in making the announcement, also said that its profits in the second quarter of its current 2008-2009 business year fell by 11 percent, to $4.17 billion.
The earnings in the quarter ending Dec 31 came on sales revenues of $16.63 billion, down 2 percent, Microsoft said.
In the job reductions, some 1,400 will be immediately carried out, with the remaining to take place over the next 18 months, Microsoft said, while other cost reduction efforts across a broad spectrum would also be implemented.
Microsoft said that in view of the uncertain world economic climate, it could not provide any detailed earnings projections, but that the second half of the current business year was virtually certain to show lower profits and sales.
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Comments:
Sailingwindward
January 23, 2009 at 12:00 AM
Bill Gates is a lowlife , months ago he went to congress asking for more H-1 visas for foreign workers saying there where not enough US workers here for the jobs available, but now firing Americans while keeping the low wage immigrant H-1 visa workers and expanding more outsourced jobs overseas, Bill Gates should be ashamed of him self, a man that has made his wealth off Americans and now fighting against American workers and their families, I can't think of a more lowlife example of a person than him right now.