Linked by Thom Holwerda on Thu 22nd Jan 2009 15:37 UTC
Microsoft After much, much, much speculation, Microsoft let the cat out of the bag today: due to weak results, Microsoft is going to cut 5000 jobs. Those 5000 jobs will disappear over the course of 18 months, with 1400 jobs being cut immediately. Quarterly results, as well as the cost-cutting measures, were made known in a press release today.
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Ok, maybe they need to cut jobs. But how many companies in the world can pretend to have the same margins as Microsoft? I think this economic stagnation is just a good opportunity for companies to cut costs and improve their already huge margins. A 16.63 billion USD profit for a quarter? And they are cutting more than 5% of their employees? I'm probably naive, but I don't find that fair for those who are going to lose their job.

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