After Ericsson, now it will be Microsoft axing 5,000 employees

Earlier this Wednesday with loss in the market and drop in Q4 profit Ericsson decided to cut down 5,000 employees. Now with a poor performance this quarter Microsoft will also be axing 5000 employees.

As Per information week:

Total sales at the software maker were up a marginal 1.6% year-over-year in the second quarter, to $16.63 billion, but Microsoft’s net income slumped 11% during the period, to $4.17 billion.

1,400 of those 5,000 positions will be eliminated by the end of the month, the company said.

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Tags: axe, cut, employees, Microsoft