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DALLAS, Feb. 27 /PRNewswire/ -- Despite a struggling economy, companies must continuously find ways to develop a competitive advantage, which often means doing so through innovation.
As part of a greater initiative to cut expenses during the global recession, Microsoft is reducing overtime, total hours clocked, and pay for US temporary workers, trimming what it pays the staffing agencies by 10 percent for current projects.
Microsoft Chief Executive Officer Steve Ballmer said the US software giant would release the next generation of Windows Mobile in 2010.
Microsoft attempted to reassure analysts on Tuesday that it would continue to cut costs and spend wisely as the economic crisis is likely to persist at least into the second half of 2009.
BusinessWeek Editors To Conduct Keynote Interviews of Viacom's Philippe Dauman and NBC's Jeff Zucker on March 18, Microsoft's Steve Ballmer on March 19; Sixth Annual Event, Presented by The McGraw-Hill Companies, Unites Leading Media, Entertainment, Advertising & Technology Providers NEW YORK, Feb.
BusinessWeek Editors To Conduct Keynote Interviews of NBC's Jeff Zucker on March 18, Microsoft's Steve Ballmer on March 19; Sixth Annual Event, Presented by The McGraw-Hill Companies, Unites Leading Media, Entertainment, Advertising & Technology Providers NEW YORK, Feb.
U.S. software giant Microsoft said Thursday it would eliminate 5,000 jobs in the next 18 months after net income fell 11 percent in the previous quarter. Overall revenue increased 2 percent to $16.63 billion in the quarter ending Dec. 31, the company said.
Software giant Microsoft Corp stunned Wall Street on Thursday with disappointing quarterly results that included plans to cut 5,000 jobs, or more than 5 percent of its global workforce.
Microsoft is expected to announce thousands of job cuts this week as the global economic slump hurts even the technology industry's biggest earners.
On Wednesday, Carol Bartz, Yahoo Inc's new chief executive, told employees her gut instinct is to hang on to the company's search business.