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Software giant Microsoft Corp. announced on Monday that it is going to slash 800 more positions from its workforce, in addition to the 5000 job cuts it had announced earlier this year. According to the company, the job cuts will be spread across different businesses and locations all over the world but the time for the layoffs would not be specified.

Earlier this year, the company had come with an announcement to cut 5000 jobs for the first time since it was formed 34 years ago. It was confirmed that the layoffs had been completed well before the specified time frame which was supposed to last till June 2010.

The cost cutting measures helped Microsoft to gain investor confidence in the latter half of the last month, when it reported profits and quarterly sales well beyond the forecasts at Wall Street.

More than 90, 000 people are employed by Microsoft all over the world. The headcount at Microsoft was down 4% in the last quarter in comparison to last year – the largest decline in company staff over a year in the company’s history.

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Author: Rajat Anand (76 Articles)

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