Microsoft cutting jobs
Microsoft has announced it is axing up to 5,000 jobs, with 1,400 to go with immediate effect.
The computer giant said the rest will go over the next 18 months, after it suffered an 11% drop in net income for its last quarter compared with the previous year.
Today’s losses involved less than 2% of its UK workforce of around 2,900 - fewer than 60 people, according to the company.
A spokesman could not put a figure on how the further cuts will affect UK staff, who work out of offices in London, Reading, Manchester, Edinburgh, Cambridge and Chertsey, Surrey.
Microsoft said it was removing jobs in its research and development, marketing, sales, finance, legal, HR and IT departments after economic activity slowed more than it had expected.
