Microsoft cutting 5,000 jobs due to economy

Even Microsoft is not immune to the economy.  According to source there will be job cuts across multiple areas like marketing and research and development over the period of 18th months and also 1,800 layoffs will begin immediately.  This is due to earnings not performing as expected. But with today’s economy it is really scary.  It’s not just microsoft. Other retailers are shutting down their stores and some of them totally closing it. 

One of them is Circuit City which has filled bankcruptcy and gradually doing clearance sales (even though some are not really clearance-in my humble opinion).  Linen N Things is another store affected with this economy. I just hope we pass this turmoil and move on with our lives. Always the question is, where did we go wrong? Hmmm..better not go there..lots of finger pointing!

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