Sad Day For Microsoft: 5,000 Laid Off, Earnings And Revenues Down
” Microsoft introduced as we speak that it is going to be shedding as much as 5,000 individuals over the subsequent 18 months, or about 5 p.c of its complete workforce. Of that quantity, 1,400 are dropping their jobs as we speak. Microsoft additionally says that it’ll proceed to rent and that the web headcount discount over the subsequent 18 months ought to quantity to between 2,000 and three,000. The layoffs, together with wage freezes, the elimination of contract employees, decrease advertising spending, and different measures are anticipated to scale back working expenditures by $1.5 billion this fiscal 12 months.
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