Microsoft is cutting up to 5,000 jobs in the next 18 months starting with 1,400 today. Cuts will happen in R&D, marketing, sales, finance, legal, HR, and IT – presumably none of the real revenue bringers.
This follows predictions that Microsoft would loose 6,000 to 8,000 jobs. This is Microsoft’s first company-wide layoff in its three decade history.
“While we are not immune to the effects of the economy, I am confident in the strength of our product portfolio and soundness of our approach,” CEO Steve Ballmer said in a statement. “We will continue to manage expenses and invest in long-term opportunities to deliver value to customers and shareholders, and we will emerge an even stronger industry leader than we are today.”
Let’s pour a little out for all our homies at Microsoft and hope things get better.
“Cuts will happen in R&D…”
Oh, THATS brilliant; who needs R&D in a tech company, anyway?
Bill Gates is a lowlife , months ago he went to congress asking for more H-1 visas for foreign workers saying there where not enough US workers here for the jobs available, but now firing Americans while keeping the low wage immigrant H-1 visa workers and expanding more outsourced jobs overseas, Bill Gates should be ashamed of him self, a man that has made his wealth off Americans and now fighting against American workers and their families, I can’t think of a more lowlife example of a person than him right now.