Entries tagged "Sun Microsystems Inc."
For the first time in its 34-year history, Microsoft Corp. [MSFT] has announced widespread layoffs, slashing up to 5,000 jobs over the next 18 months, including 1,400 Thursday. The moves are expected to save the Seattle company $1.5 billion in annual operational costs.News of layoffs was expected to come after the end of the trading day, but instead the software giant released its fiscal second-quarter earnings before Thursday's opening bell. Revenue for the quarter, which ended Dec. 31, was up 2% from the same quarter the previous year, but operating income, net income and diluted earnings per share were down...
