Microsoft To Cut Costs by $1 Billion
Spinner
Birmingham, UK
Microsoft CEO Steve Ballmer has sent a company-wide memo exhorting the tech giant's 57,000-strong army about rising expenses. "This is obviously not a trend we can continue," he says in the note.
Source: NewsfactorMicrosoft is looking to make cuts in advertising, events planning and customer-relations activities to shave $1 billion off its total operating expenses. These were $22,642 billion for the year ended June 30th 2003, compared to $20,093 billion for the previous year.
0