Sad Day For Microsoft: 5,000 Laid Off, Earnings And Revenues Down
” Microsoft introduced at present that will probably be shedding as much as 5,000 folks over the following 18 months, or about 5 p.c of its whole workforce. Of that quantity, 1,400 are dropping their jobs at present. Microsoft additionally says that it’ll proceed to rent and that the online headcount discount over the following 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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