Microsoft Announces Quarter And Job Cuts: It Could Have Been WorseBy
In its first broad-based job cut, Microsoft will trim its 95,000 person workforce by 5,000 jobs over the next 18 months, starting with 1,400 today. The company also announced quarterly results, which included a 2% increase in revenue, to $16.63 billion and an 11% drop in earnings, to $4.17 billion. The stock is down over 8%, to The company pushed up its earnings call from after the close to $17.78.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.