BEAVERTON, Ore. — Prior to yesterday's news from Microsoft that it would have to cut 5,000 jobs including 1,400 this week, First Tech Credit Union was alerted that the layoffs were likely coming.
Microsoft said the economic downturn and slowed IT spending led to 8%, 11% and 6% declines in operating income, net income and diluted earnings per share, respectively, as of Dec. 31. As a result, the company will eliminate up to 5,000 jobs in research and development, marketing, sales, finance, legal, human resources, and IT over the next 18 months, including 1,400 jobs that were slated to end on Jan. 22. The company has more than 94,000 employees worldwide.
Approximately 23,000 of Microsoft's employees are Seattle-based members of $1.9 billion First Tech, said Brooke Van Vleet, executive vice president at the CU.
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