GI reports that stock in Microsoft and Sony fell yesterday following both companies announcing company-wide cuts.
After announcing that it would be cutting 5000 jobs, Microsoft saw its share price drop almost 12 per cent ($2.27), down to $17.11 by the close US markets yesterday.
Sony, who cut both jobs and is undergoing internal restructuring, saw its share value drop to ¥136 ($1.54), to ¥1802 ($20.4).
It’s the end of the world as we know it.
By Mike Bowden