This recession/depression caused by Wall Street thieves aided and abetted by the criminal Bush regime and its GOP cohorts has impacted hardworking, regular Americans with skyrocketing job losses, homes foreclosed, increased food prices and other necessities, stagnant wages, and has exacerbated unaffordable health care.

It's not just blue collar workers struggling under this disastrous Bushite and GOP economic legacy; even so-called white collar workers haven't escaped the debacle.

The NYTimes report that Microsoft is slashing jobs, 5,000 of them, the first widespread layoffs in its history and the outlook continues to be grim for its employees. 

"Rather than issuing its second-quarter results in the customary fashion after the market closed, Microsoft rushed out the news Thursday morning that it will lay off up to 5,000 of its 94,000 employees over the next 18 months, including 1,400 people Thursday. The layoffs span across research, sales, finance and technology roles, the company said.
 

"The direct impact of falling personal-computer sales, which roiled Intel last week, were evident in Microsoft’s results, as sales of its PC operating-system software dove 8 percent to $3.98 billion from $4.33 billion last year.

"Blaming market uncertainty, Microsoft declined to issue a revenue or earnings forecast for the rest of its fiscal year.

“ 'We are planning for economic uncertainty to continue through the remainder of the fiscal year, almost certainly leading to lower revenue and earnings for the second half relative to the previous year,' said Chris Liddell, the company’s chief financial officer."