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Microsoft expected to cut jobs as profit weakens
Microsoft Corp is expected to post a quarterly profit that misses its own target and announce thousands of job cuts this week as the global economic slump hurts even the technology industry's biggest players.
Analysts on average put Microsoft's profit at 49 cents a share for the quarter ended December 31, which includes a U.S. holiday shopping season that has been called the worst in at least four decades. The Redmond, Washington-based company had forecast a per-share profit of 51 cents to 53 cents for the quarter.
Posted by | Thu, Jan 22, 2009 - 07:08 AM
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