Microsoft profit dropped 11% - thats quite huge. And finally, the long-rumored layoffs are coming. 5,000 people in the next few months.
It isn't a huge number for a company of Microsoft's size (about 5%), but it is a little unprecedented. This is the software behemoth's first-ever layoff (at least as far as I know. I'm not counting layoffs from acquired companies, of course.
Microsoft has a process where under-performers are constantly weeded out, a la Intel. This will probably continue, and might even get increased - so who knows the true employee turnover to come?
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