Economic crisis cause 9100 job layoffs in Microsoft

Yes its right worlds number one software company Microsoft is also hit by the downfall in the world economy at this point of time. And due to these facts Microsoft has been asked to cut its workforce by 10% i.e around 9,100 employees. This suggestion is to suggest the industry that profits are more important than revenue in such situations.

Predictions are there that company should announce some major layoffs in January 2009. Although company in on hiring freeze for quiet a time since October due to economy crisis.