Microsoft Econmic Down Turn 2009

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Microsoft cuts jobs as profits fall US software giant Microsoft is to cut up to 5,000 jobs over the next 18 months - including 1,400 immediately - due to a slowing economy and weak spending on technology. Microsoft employs 1,200 people at Sandyford in Dublin, but a spokesperson said the cuts would have only 'a very minor impact' in Ireland. It is believed fewer than 20 jobs will go. Microsoft said net profit fell by 11% in the second quarter of its financial year compared with a year earlier to $4.17 billion. Revenue was $16.63 billion, 2% more than the same period a year ago. The world's biggest software firm said that 'in light of the further deterioration of global economic conditions', it was eliminating up to 5,000 jobs. The…show more content…
The Microsoft UK spokesman said: "As part of the plan we announced in January to reduce costs and increase efficiencies, today Microsoft is commencing consultation to remove additional positions across several areas of the company. A number of UK positions are affected, representing about 5% of the 2,880 people currently based in the UK. "We are working closely with affected employees to help them through this difficult transition. While job reductions are always difficult, we need to rebalance resources against our priorities in the current climate, and we will continue to evaluate our business to ensure that our investments are aligned to current and future revenue opportunities." In January, Microsoft announced 5,000 jobs would be lost as the company announced poor results during the downturn Microsoft U-turn over redundancy pay gaffe Software titan reverses position after overpaying some staff during recent layoffs * Share0 * * * inShare0 * ------------------------------------------------- Email * ------------------------------------------------- Bobbie Johnson, technology correspondent * ------------------------------------------------- theguardian.com, Tuesday 24 February 2009 02.20 GMT Technology giant Microsoft has been forced to make an embarrassing climb-down after it asked some former employees to return part of theirredundancy payments. In what the company has described as an

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