Microsoft Earnings Likely Slid Last Quarter Amid Economic Concerns

Microsoft has announced plans to eliminate 10,000 jobs in response to the global economic slowdown.Microsoft Corp. likely recorded its slowest sales growth in more than six years last quarter as economic concerns cooled demand for its software andThe Redmond, Wash.

, firm’s revenue growth is expected to slow to less than 3% in the three months through Dec. 31 compared with a year earlier while its net income is expected to fall more than 8%, according to financial analysts surveyed by FactSet . They predicted the company would announce sales of $53.12 billion and a net income of $17.21 billion for the period.

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That's because they did what was once thought impossible, they released a Windows that was worse than Windows 8.

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Microsoft is laying off 10,000 employees | CNN BusinessMicrosoft plans to lay off 10,000 employees as part of broader cost-cutting measures, the company said in a securities filing on Wednesday, making it the latest tech company to reduce staff because of growing economic uncertainty.
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