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Microsoft to cut 5,000

[Jan 22, 2009, 1:48 pm ET] - Share - Viewing Comments

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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Re: Microsoft to cut 5,000

Jan 22, 2009, 16:53

Grooves

Of course they will cut jobs and hurt people in the process. Heaven forbid they just eat the profit loss. The key here is they still made a HUGE profit. They just didn't make AS MUCH profit as they thought they would and they call this a loss. It's the typical numbers game.

Subject

Comment [quote="Grooves"Jan 22, 2009, 16:53]Of course they will cut jobs and hurt people in the process. Heaven forbid they just eat the profit loss. The key here is they still made a HUGE profit. They just didn't make AS MUCH profit as they thought they would and they call this a loss. It's the typical numbers game. [/quote]

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