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Microsoft Cutting 5,000 Jobs As Profits Drop
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“Microsoft Corp. plans to cut up to 5,000 jobs over the next 18 months, including 1,400 immediately, as its profit tumbles amid PC market weakness. The software giant said Thursday the moves were driven by deteriorating global economic conditions and lower client revenue, resulting from weakness in the PC market and a shift to lower-priced notebook models. ” [Link]