Microsoft to cut up to 5,000 jobs
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.
Microsoft added it was "no longer able" to give a profit and revenue outlook for the fiscal year amid current volatile market conditions.
Shares in Microsoft fell 7.9%, dragging Wall Street lower.
...Microsoft said the announced job cuts would take place in research and development, marketing, sales, finance, legal, human resources and information technology...
Read the whole article here.
This is following rumours from early January, see the late news post here. Not quite the 15,000, but 5000 is bad enough...
Compliement to GiddyG for the find