Microsoft to axe 5,000, no job cuts in India
Starting with 1,400 job cuts, software giant Microsoft will slash 5,000 jobs in next 18 months. Full Text: MS Results & Lay-offs Statement I Coming to terms with lay-off
By PTI |
NEW YORK: Starting with 1,400 job cuts, software giant Microsoft will slash 5,000 jobs over the next 18 months.
"Microsoft will eliminate up to 5,000 jobs in R&D, HR, marketing, sales, finance, legal, and IT over the next 18 months, including 1,400 jobs today," the company said in a statement.
The layoff, however, would not be impacting the Indian operations. "It's not going to impact us. No job cuts in India," a Microsoft India spokesperson said in New Delhi.
In light of further deterioration of global economic conditions, extra measures to manage costs are being taken, including the reduction of head-count-related expenses, vendors and contingent staff, facilities, capital expenditures and marketing, the company, which posted a 11 per cent decline in profit for the second quarter, added in the statement.
Microsoft's net profit declined 11 per cent to $4.17bn for the quarter ended December 31, 2008. It had a net profit of $4.71bn in the year-ago period.
The company has posted revenues to the tune of $16.63bn for the second quarter. The entity's revenues stood at $16.37bn in the corresponding period a year ago.
"Microsoft will eliminate up to 5,000 jobs in R&D, HR, marketing, sales, finance, legal, and IT over the next 18 months, including 1,400 jobs today," the company said in a statement.
The layoff, however, would not be impacting the Indian operations. "It's not going to impact us. No job cuts in India," a Microsoft India spokesperson said in New Delhi.
In light of further deterioration of global economic conditions, extra measures to manage costs are being taken, including the reduction of head-count-related expenses, vendors and contingent staff, facilities, capital expenditures and marketing, the company, which posted a 11 per cent decline in profit for the second quarter, added in the statement.
Microsoft's net profit declined 11 per cent to $4.17bn for the quarter ended December 31, 2008. It had a net profit of $4.71bn in the year-ago period.
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The company has posted revenues to the tune of $16.63bn for the second quarter. The entity's revenues stood at $16.37bn in the corresponding period a year ago.
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