Microsoft to eliminate 5,000 jobs
January 22nd, 2009
Microsoft joins the scores of companies forced to cut jobs to reduce operating cost. The move to layoff 5,000 people is unprecedented but Microsoft is not immune to the recession plaguing every sector of the economy.
“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,” said Steve Ballmer, chief executive officer at Microsoft. “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.”
