Microsoft would cut up to 5,000 jobs in R&D, HR, Marketing, Sales, Finance, Legal and IT over the next 18 months, a company statement said. However, the Indian operations would not be impacted and there would not be any job cuts in India, PTI reported quoting a Microsoft India spokesperson.
The company is reducing head-count-related expenses, vendors and contingent staff, facilities, capital expenditures and marketing to control costs, estimating further deterioration in global economic conditions. The company's profit declined 11% in the second quarter.
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