blogs  
 
yournews
   
 
Video Photos Finance Travel Weather Discussion TV Shows
| |
 
  Home ›
 
Business News

 

Microsoft cuts 800 jobs, completes reduction plan early
Posted: 05 November 2009 0328 hrs

  A Microsoft sign in Redmond, Washington.
 
Photos  of

   
 


WASHINGTON: US computer software giant Microsoft said on Wednesday it is cutting 800 more jobs in addition to 5,000 layoffs announced previously.

"Earlier this year, we announced that in order to reduce costs, increase efficiency and prioritise our focus areas, we would eliminate approximately 5,000 positions by June 2010," Microsoft said in a statement.

"Today, we are eliminating around 800 positions spread across multiple businesses and locations and have completed our reduction plan sooner than we had anticipated 11 months ago," the statement said.

"What this is is the end of the effort that was announced by (Microsoft chief executive Steve) Ballmer and Microsoft in January," Microsoft spokesman Lou Gellos said.

"At the same time, we continue to hire in priority areas, but also understand that continuing to manage our businesses closely, as we always do, can mean additional headcount adjustments," the Microsoft statement said.

The total layoffs since January are the largest ever at the Redmond, Washington-based company, which had 91,005 employees at the end of September.

Microsoft last month reported that its net profit fell 18 percent in the first quarter of its fiscal year to 3.57 billion dollars, or 40 cents per share, from 4.37 billion dollars, or 48 cents per share, a year ago.

Revenue declined 14 percent in the quarter which ended on September 30 to 12.92 billion dollars.

It was the third quarter in a row of sliding revenue for the company founded by Bill Gates, but it surpassed analysts' forecasts of 12.37 billion dollars.

Microsoft has been battered by weak worldwide demand for personal computers and is hoping to get a boost from the release last month of its much-heralded next-generation operating system Windows 7. - AFP/de

 


Other business News
Eurozone sets conditions for Greek bailout
Australian central bank cuts growth forecasts
China releases Jan trade data
Asian markets slip on Greece bailout fears
Flights back to normal Friday after strike: Air France
Barclays bank reveals drop in profits, cuts bonuses
Hong Kong faces labour shortage
M'sia trade expected to grow at slower pace
Euro edges up as Greece inks reform deal
US stocks gain on Greece, bank mortgage deal
Oil prices rise on Greek deal
Eurozone stalls Greek cash aid pending new conditions
Banks agree US$25b deal for US homeowners
China says January exports expected to have dropped
Greece says agreement reached on austerity measures: ECB
ECB holds key interest rate steady at 1.0%
OPEC cuts 2012 oil demand forecast
China's January inflation hits 3-month high
Spain's economy to worsen in Q1
Indonesia cuts interest rate to record low
Malaysia sees record trade in 2011
Rio Tinto earnings down 59% on aluminium write-down
Asia stocks mixed on Greek fears, China inflation

 

 
Affiliate Sites:
 
About Us  |  Contact Us  |  Advertise with Us  |  Terms & Conditions