THE TELEGRAPH: Microsoft plans to axe 5,000 jobs as a result of weakness in the global personal computer market and forecast that profits will fall this year.
The software giant said it planned to make the job cuts - which amount to more than 5 per cent of the firm's global workforce - over the next 18 months.
Around 1,400 are expected to be informed of their departure on Thursday. It is understood around 60 of the cuts will be in the UK.
Microsoft blamed the “deterioration of global economic conditions” for cuts, which left shares in Microsoft down by 6.4pc in early trading in New York. >>> By James Quinn, Wall Street Correspondent | Thursday, January 22, 2009
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