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Byte-ing the bullet
OK, now I know the economy is in the tank.
Microsoft is cutting jobs. I guess you can call this byte-ing the bullet.
The high-tech giant announced its profits fell 11 percent in the second quarter. They responded by saying they would ax 5,000 jobs.
The markets responded by immediately going into the tank.
Something to note here. Microsoft is still making huge amounts of money, just not as much as they once did. The company whose software runs so many of our PCs said profits dipped to $4.17 billion, down from $4.71 billion for the same quarter last year.
And they don’t like what they see down the road. So they’re tightening their belt.
Isn’t everybody?
Microsoft is cutting jobs. I guess you can call this byte-ing the bullet.
The high-tech giant announced its profits fell 11 percent in the second quarter. They responded by saying they would ax 5,000 jobs.
The markets responded by immediately going into the tank.
Something to note here. Microsoft is still making huge amounts of money, just not as much as they once did. The company whose software runs so many of our PCs said profits dipped to $4.17 billion, down from $4.71 billion for the same quarter last year.
And they don’t like what they see down the road. So they’re tightening their belt.
Isn’t everybody?
posted by Heron's Nest at
7:04 AM
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