Microsoft Eliminates 800 More Positions

Microsoft may have been a little conservative earlier this year when it said it would eliminate up to 5,000 jobs in response to falling sales and profits. Now in its third round of layoffs since Janary, the software company plans to cut 800 jobs, which would put the total number somewhere around 5,400 so far.

The first round of layoffs began in January when Microsoft handed out 1,400 pinks slips, and then thousands more in May. But the worst news coming from Redmond is that more layoffs are yet to come

"Today, we are eliminating around 800 positions spread across multiple businesses and locations and have completed our reduction plan sooner than we had anticipated 11 months ago," Microsoft said in a statement. "At the same time, we continue to hire in priority areas, but also understand that continuing to manage our businesses closely, as we always do, can mean additional headcount adjustments."

The "headcount adjustments" come just a little over a week since Microsoft reported declines in revenues and profits.

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