Microsoft, a component of all three major stock indexes, said business is so bad, it must cut 5,000 jobs over the next 18 months. That marks the software bellwether's first major round of layoffs in its history. Earlier this week, Intel also announced 5,000 cuts — not good news for the tech sector.
Tech Trouble As Microsoft, Intel Announce Layoffs
News & Features Wendy Kaufman · NPR ·