Microsoft Corporation (MSFT)Posts $151 Million Net Profit for Q2 in E&D
Marketwatch - January 20, 2009
Submitted by apujanata (14930)
at 8:24AM PST on January 22, 2009
Microsoft Corp. said Thursday it is cutting 5,000 jobs, a sign of how badly they are being stung by the recession. The layoffs appear to be a first for Microsoft, which was founded in 1975. Theyare unable to offer profit and revenue guidance for the rest of the year, because of the market volatility.