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Microsoft to cut 5,000 jobs


Microsoft to cut 5,000 jobs

Microsoft has said it is to cut 5,000 jobs.

The computer and software giant will reduce staff after its sales were hit by falling demand.

Microsoft has reported its quarterly profits fell 11 per cent and 1,400 workers are to go with immediate effect.

The company's new chief executive, Steve Ballmer told staff: "The fact that we are growing at all during the worst recession in two generations reflects our strong business fundamentals and is a testament to your hard work".

Redundancies will affect workers in research and development, marketing, sales, finance, legal, human resources and IT.

Mr Ballmer outlined the company's response to the difficult conditions, saying it will remain "commitment to long-term investments in innovation with prompt action to reduce our costs".

Figures released today have confirmed the UK is now officially in recession.

The Office for National Statistics reported the economy shrank by 1.5 per cent in the last quarter of 2008.


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