Financial Times FT.com

Microsoft to shed 5,000 jobs

By Richard Waters in San Francisco

Published: January 22 2009 15:12 | Last updated: January 22 2009 15:53

Microsoft on Thursday embarked on the first company-wide job cuts in its 34-year history as it announced plans to cut up to 5,000 workers over the next 18 months.

The news came as the world’s biggest software company brought forward its second-quarter earnings announcement, revealing the extent of the damage caused by a slump in PC sales and growing consumer demand for “netbooks”, low-cost laptops which generate lower software revenues.

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