(RTTNews) - Wednesday, software giant Microsoft Inc. (MSFT: News ), said it would slash up to 800 jobs worldwide, in addition to the 5,000 layoffs it already announced in January this year, as part of plans to cut costs. Microsoft said the layoffs were spread across multiple locations and different business units.
Other large technology corporations like International Business Machines Corp. (IBM), and Intel Corp. (INTC: News ), also announced massive layoffs this year, attributing the cuts to the ongoing economic recession. On October 20, computer server and software maker Sun Microsystems Inc. (JAVA: News ), said it would slash up to 3,000 employees over the next year, as the proposed $7.4 billion takeover deal with business software maker Oracle Corp. (ORCL: News ) gets delayed.
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