Microsoft not feeling well.

In pure destructive power the global financial crisis has become Wall Street’s version of Hurricane Katrina. It has wreaked havoc on the nation’s iconic company, Microsoft Corp. The Company has already announced thousands of layoffs and loss. Despite its size and global presence Microsoft is not able to escape the shock of the global economic crisis. Microsoft is about to fire 5000; the Company got no choice but to save money, the move will save the Company $1.5 billion a year. Microsoft missed its Q2 revenue and earnings. Revenue was down at$ 16.63 billion against $ 17.08 billion expected. The current economic crisis has eroded Microsoft’s core business which is the Windows. It’s taking a heavy beating and it’s not looking good right now Sphere: Related Content