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More Microsoft Layoffs Set

November 5, 2009
Microsoft

U.S. software giant Microsoft (NASDAQ:MSFT) said it would lay off 800 workers on top of a previously announced cutback of 5,000 announced in January.

"In the ensuing 11 months from January until now, we realized we had to move a little beyond the 5,000, so that put us at about 5,800," company spokesman Lou Gellos said, IDG News Service reported Wednesday.

The new round of cuts would occur in the United States and abroad, the company said.

Gellos said Microsoft did not anticipate any more layoffs.

The announcement was made soon after Microsoft's third quarter report showed a 14 percent drop in revenue.



Source: Copyright 2009 by United Press International


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