Microsoft not immune as 1400 jobs go today.
So even Microsoft the biggest player in the IT world is letting go 5000 brilliant people because of the global economic down turn.
Microsoft CEO Steve Ballmer said in a statement today,
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. We’re certainly in the midst of a once-in-a-lifetime set of economic conditions. The economy is resetting to a lower level of business and consumer spending. The reductions will be in the areas of research and development, marketing, sales, finance, legal, human resources and information technology, and about 1,400 of those cuts will occur today.
Well, why on earth did you hire those 5000 geniuses in the first place Mr Ballmer?
Job losses: 1400 (3600 over 18 months).
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