Microsoft closes in on 5,000 job cuts (Second wave of mass layoffs)
Microsoft said Tuesday that it is moving forward with a second wave of mass layoffs, getting the company closer to its target of 5,000 job cuts by mid 2010, according to an e-mail Chief Executive Steve Ballmer sent employees.The company would not say exactly how many workers were being affected in this latest round.
In January, Microsoft announced its first large-scale layoffs in the company’s 34-year history, cutting 1,400 positions immediately out of a potential 5,000. The cuts, which are expected to be completed by June 2010, are aimed at saving the company some $1.5 billion in operating expenses and $700 million in capital expenditure.
(Excerpt) Read more at money.cnn.com …
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