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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Totally agree,

It's pretty appalling that companies are allowed to do this.

It's like the Commonwealth Bank in Aus not so long ago, made a record $2.6bn and sacked 1500 people. Governments need to regulate this kind of thing.

It's fair enough if companies are strapped and have to let people go, but this kind of thing is ridiculous.

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