Microsoft announced that the company would cut as many as 5,000 jobs over an 18-month period, and started the process in January, letting go about 1,400 people. Now a second wave of layoffs is scheduled which will kick the total closer to the higher of the two numbers. Microsoft said, “As part of the plan [...]
Microsoft Fires and Hires
May 6th, 2009Microsoft Reports Earnings, Begins Layoffs
January 25th, 2009Microsoft surprised Wall Street by announcing their earnings before the closing bell on Thursday. As expected, they had bad news to report; quarterly profits were down (despite a slight increase in revenue). This sent the stock down by 7% in early trading. Microsoft will be laying off 5,000 people, 1,400 have already received their pink [...]