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Friday, November 6, 2009

Microsoft Announces 800 Layoffs

CNN Money



Microsoft Corp. will eliminate 800 more positions from its workforce, the company announced Wednesday.

The company said the job cuts will be spread across multiple businesses and locations across the globe, but Microsoft would not specify when the layoffs would occur.

Those job cuts come on top of the 5,000 jobs the company said it was slashing earlier this year, in what was Microsoft's first mass job cut announcement in its 34-year history as a public company.

The company also confirmed that it has completed those layoffs ahead of schedule. Microsoft initially said the 5,000 job cuts would be done by June 2010.

"We continue to hire in priority areas, but also understand that continuing to manage our businesses closely, as we always do, can mean additional headcount adjustments," said a Microsoft spokesman.

Cost-cutting helped the company impress investors late last month, when the Redmond, Wash.-based software giant reported quarterly sales and profit that easily beat Wall Street's forecasts.

Microsoft's headcount was down 4% in the past quarter from the same period year ago -- the largest yearly staffing decline in the company's history. Microsoft employs some 90,000 people worldwide.