Microsoft reported quarterly results Jan. 22 that missed Wall Street expectations and the software giant announced that it would eliminate 5,000 jobs. The results show that even Microsoft is not immune to the recession in the United States and the sluggish global economy. Microsoft eliminated 1,400 jobs on the day it announced its results and the rest of the cuts will follow during the next 18 months.
- NEW YORK (Reuters) - Microsoft posted quarterly results that
missed Wall Street expectations, announced it would cut up to 5,000
jobs and said it could no longer offer profit forecasts for the rest of
the fiscal year.
Shares of Microsoft fell 8.5 percent in pre-market trading.
Microsoft posted …

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