Microsoft makes unspecified number of job cuts

"I can confirm that there were job eliminations today at Microsoft," a spokesman said
Microsoft said Thursday it was cutting an unspecified number of jobs in marketing and advertising as part of a move to "align" its operations to key priorities.

Microsoft said Thursday it was cutting an unspecified number of jobs in marketing and advertising as part of a move to "align" its operations to key priorities.

The tech giant gave no specific numbers or details, but the move came after it announced a writedown of $6.2 billion in its online operations.

"I can confirm that there were job eliminations today at Microsoft," a spokesman said in a statement.

"Like any company, Microsoft continually evaluates its operations and works to align the business to key priorities. I can assure you we're thinking about the exciting new opportunities that Windows 8, Xbox and present for our advertising and marketing partners."

Microsoft, which is releasing its Windows 8 operating system in October, said last week it would take the massive writedown related to the 2007 acquisition of aQuantive, a firm aimed at helping Microsoft compete against and others.

The charge, to be reflected in the company's upcoming , is required under accounting rules to reflect a lower value or so-called "goodwill impairment."

(c) 2012 AFP

Citation: Microsoft makes unspecified number of job cuts (2012, July 12) retrieved 11 July 2024 from https://phys.org/news/2012-07-microsoft-unspecified-job.html
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