http://news.bbc.co.uk/1/hi/business/7845237.stm
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.
Microsoft said the announced job cuts would take place in research and development, marketing, sales, finance, legal, human resources and information technology.
It added it would also be making other cost-cutting measures, including a reduction in spending on travel.
Now I've worked at MS UK several times, and I've never heard of cut backs like this, even Dot Com crash time.
If a company with an effective monopoly is in the tulipe, it's bad news.
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.
Microsoft said the announced job cuts would take place in research and development, marketing, sales, finance, legal, human resources and information technology.
It added it would also be making other cost-cutting measures, including a reduction in spending on travel.
Now I've worked at MS UK several times, and I've never heard of cut backs like this, even Dot Com crash time.
If a company with an effective monopoly is in the tulipe, it's bad news.
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