23/01/2009

Microsoft To Axe 5,000 Jobs

Software giant Microsoft has announced it is to axe 5,000 jobs, as the credit crunch further tightens its grip on the world's economy.

The computer group said 1,400 jobs will go with immediate effect, and the rest will go over the next 18 months.

Less than 2% of the losses will affect the UK, with fewer than 60 people losing jobs from a workforce of about 2,900, the company confirmed.

The news came as Microsoft announced an 11% drop in net income for the last quarter, compared with the previous year. A net profit of $4.17bn (£3bn) for the three months to 31 December was recorded - less than analysts had expected.

The results missed Wall Street's forecast for earnings of 49 cents per share on sales of $17.08 billion.

Microsoft chief executive Steve Ballmer: "While we're not immune to the effects of the economy, I am confident in the strength of our product portfolio and soundness of our approach.

"We will continue to manage expenses and invest in long-term opportunities to deliver value to customers and shareholders, and we will emerge an even stronger industry leader than we are today."

Washington-based Microsoft confirmed it was removing jobs in its research and development, marketing, sales, finance, legal, HR and IT departments.

(JM/BMcC)

Related Northern Ireland Recruitment News Stories
Click here for the latest headlines.

10 December 2012
IT Firm Creates 100 New Jobs
Minister for Jobs, Enterprise and Innovation, Richard Bruton, TD, today announced that Mandiant, a specialist provider of IT security solutions is to establish an engineering and security operations centre in Dublin with the creation of 100 new jobs.
06 May 2009
Offshore Company Axes Jobs
Around 150 jobs in Aberdeen and Dundee have been axed after an offshore services company ceased trading. Oceanteam Power and Umbilical has been forced to close when the firm's holding company withdrew its financial support. Staff are based in Aberdeen, at workshops in Dundee and offshore.
25 November 2013
Microsoft Ireland Creates 30 New Development Roles
Microsoft Ireland has announced the creation of 30 new development roles at its Irish based operations in Dublin. The new positions are located at its European Development Centre and are in the Microsoft Office Division, and in Applications Media and Publishing Group at Microsoft.
12 April 2017
Tech Firm To Create 150 New Jobs In Dublin
Up to 150 new jobs are to be created in Dublin by technology firm Citrix, as part of an expansion drive at its East Point Business Park.
26 August 2009
5,000 Pub Jobs Lost In 12 Months
A leading publicans group has called on the Government to protect the jobs of bar workers after almost 5,000 jobs were lost in the sector in the last year. The Vintners' Federation of Ireland (VFI), said yesterday that the industry was in turmoil with the closure of 1,700 pubs in the past five years – with 250 alone in the last 12 months.