MS Posts Billions In Profits, Lays Of Thousands

January 23rd, 2009

This amazes me.

Microsoft Corp posted quarterly results that missed Wall Street expectations, announced it would cut up to 5,000 jobs and said it could no longer offer profit forecasts for the rest of the fiscal year.

Shares of Microsoft fell 8.5 percent in pre-market trading.

Microsoft posted a $4.17 billion profit, but they still felt the need to cut 5,000 jobs. Absolutely insane.

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