Microsoft will cut 5,000 jobs after missing expections by $900 m

More than 5 percent of its workforce will be cut. 1,400 will be gone today, and the rest will be eliminated in the next 18 months. Is it Microsoft's first time to layoff? Perhaps! Something big is wrong with the US economics. Now no merit increase, no more jobs, Amercian will face a very touch future!

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