… and up to 5000 jobs over the next 18 months.
Microsoft has said it will cut up to 5,000 jobs over the next 18 months, including 1,400 immediately.
The firm also reported a net profit of $4.17bn (£3bn) for the three months to 31 December, down 11% on last year and less than analysts’ expectations.
…
“These initiatives will reduce the company’s annual operating expense run rate by approximately $1.5bn and reduce fiscal year 2009 capital expenditures by $700m,” Microsoft said.
Hope the resident Qt3 Microsofties are doing fine. Report please!