Microsoft announces that it will cut 5000 jobs in which 1,400 have to leave the Software giant immediately. The rest will be drowned within next 18 months.
The move was under consideration for quite some time, but now its confirmation has been made by Software giant’s Chief Financial Officer Chris Liddell who announced that news.
“The current slowdown in economic activities is somewhat worse-than-expected in that quarter, and we had to act quickly to decrease the structure of cost and reduce its impact,” Liddell said.
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