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Microsoft to cut up to 5,000 jobs
Microsoft has said it will cut up to 5,000 jobs over the next 18 months, including 1,400 immediately.
The firm also reported a net profit of $4.17bn (£3bn) for the three months to 31 December, down 11% on last year and less than analysts' expectations.
Microsoft added it was "no longer able" to give a profit and revenue outlook for the fiscal year amid current volatile market conditions.
Shares in Microsoft fell 7.9%, dragging Wall Street lower.
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