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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Comment by moleskine
by moleskine on Thu 22nd Jan 2009 18:05 UTC
moleskine
Member since:
2005-11-05

Those results are looking back. And compared to some, like Intel's, they're not bad either even though it's sad that many folks will be losing their jobs. But looking forward is rather more chilling:

Due to the volatility of market conditions going forward, Microsoft is no longer able to offer quantitative revenue and EPS guidance for the balance of this fiscal year.


I wonder if they think the Western economies are about to go over a cliff?

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