Analysis Microsoft just announced the first job cuts in its history. You know things are bad. But how bad?Thanks to the tanking PC market, Redmond undershot its own expectations for the normally lucrative second-quarter by nearly $1bn. With Windows revenue dipping eight per cent to $4bn, Microsoft blamed consumers for not buying a second or third home PC and businesses for cutting their investments in IT.
It's worth taking a pause, though: Those 5,000 unlucky individuals represent a mere five per cent of an army that's mushroomed to 90,000 during just four years.