Microsoft makes another round of jobs cuts amid slowing economy
Microsoft is quietly making another round of job cuts to clip costs as even the biggest technology companies react to the financial storm clouds gathering over the global economy., Microsoft is understood to be laying off fewer than 1,000 people across the organization at all levels, teams and geographic locations. The company didn't specify numbers or areas where the reduction in personnel is taking place.
"Like all companies, we evaluate our business priorities on a regular basis ands make structural adjustments accordingly," said Microsoft in a statement."We will continue to invest in our business and hire in key growth areas in the year ahead."as part of its annual summer clean-up when kicking off a new financial year. At the time, the company insisted the move was not related to fears about the recession.
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