8/9, 8:41 PM (Source: TeleTrader)
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Microsoft cutting expenses - report

Microsoft Corporation is reducing its expenses, The Wall Street Journal reported on Tuesday, citing unnamed sources briefed on company plans.

The tech giant is reportedly focusing on decreasing the budget for business travel, outside training and team gatherings.

Meanwhile, Microsoft suspended new hiring in some sectors and has announced it will reduce its workforce by less than 1%.

Baha Breaking News (BBN) / MS