Microsoft to cut 5,000 Jobs

I don’t think there is anyone who won’t be excited by some glimmer of good news about the economy, but unfortunately, we aren’t there yet. Word comes this morning that Microsoft will be cutting up to 5,000 jobs in the next 18 months with 1,400 getting a pink slip immediately.

Of course Microsoft cites declining revenues and Microsoft is saying they can’t offer profit and revenue guidance for the rest of the year due to the volatile economic environment. From my perspective trying to keep a small theatre open I can certainly agree with not being able to predict.

Tough times.