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Microsoft to cut 5,000

Microsoft will be cutting 5,000 jobs following an 11 per cent year-on-year decline in net profit, reports MCV. They say some 1,400 employees will be let go immediately, with 3,600 cuts to follow over the next 18 months, which they hope will save them around $1.5 billion a year. Microsoft is not commenting at this time whether any of these cuts will hit the Xbox operations of its Entertainment and Devices Division.

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9. Re: Microsoft to cut 5,000 Jan 22, 2009, 17:08 Bhruic
If the math is right, that's 300k per person fired, according to their savings statement...somehow I doubt those folks all make even near that much in a year.

The math is wrong. You're assuming the only cost(s) associated with them are their salaries. Someone's already pointed out health insurance, but there are quite a few other costs as well.
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