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01-22-09, 10:10 AM
Software maker Microsoft announced Thursday it will cut up to 5,000 jobs in the next year and a half, or 5.5% of its global workforce, citing further deterioration of global economic conditions.The company also posted lower fiscal second-quarter earnings that missed analysts' forecasts.Microsoft will slash 1,400 positions immediately, with the rest of the cuts coming by June 2010. The company said it will save about $$1.5 billion in operating expenses and $$700 million in 2009 capital expenditure.Read ...
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