Jan
22
Wow. Microsoft Layoffs!
Mary-Jo Foley writes that Microsoft is laying off 5,000 of its staff. Wow!
She quotes from the company’s Q2 earnings release:
“Microsoft will eliminate up to 5,000 jobs in R&D, marketing, sales, finance, legal, HR, and IT over the next 18 months, including 1,400 jobs today. These initiatives will reduce the company’s annual operating expense run rate by approximately $1.5 billion and reduce fiscal year 2009 capital expenditures by $700 million.”
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