Posted on YouTube by: Bloomberg, 23 January 2009 - Analysis by Edmund Shing of BNP Paribas Arbitrage
In this Bloomberg TV clip, Microsoft was reported cutting 5,000 jobs as global recession hits demand for its products. Astounding as the number seems for an industry giant known to be 'immune' from recessions in the past, there are still some analysts that say that this is not enough. After all, a slow recovery by the technology sector is being predicted by Microsoft's CFO, no less.
