Earnings Call: Microsoft Reviewing Hiring Plans

This story was written by Rafat Ali.
On the earnings call discussing Microsoft's Q308 earnings announced earlier today, MSFT CFO Chris Liddell gave a sober warning about the economy, the slowdown and managing it at Microsoft: "We experienced deterioration of spending environment in the last few weeks of the quarter and continuation into October. We are reviewing our hiring plans, and adjust the headcount growth. These savings would progressively layer in and carry forth for next years."

More to come

By Rafat Ali


Watch CBSN Live

Watch CBS News anytime, anywhere with the new 24/7 digital news network. Stream CBSN live or on demand for FREE on your TV, computer, tablet, or smartphone.

Watch Now

New Android App

For your Android phone and tablet, download the FREE redesigned app, featuring CBSN, live 24/7 news.

The all new
CBS News App for Android® for iPad® for iPhone®
Fully redesigned. Featuring CBSN, 24/7 live news. Get the App