We’ve got out hands on the full memo from Microsoft CEO Steve Ballmer to the company’s employees.
The full text is below, but I want to highlight some of the tough measure Microsoft is putting in place in order to reduce expenses:
To increase efficiency, we’re taking a series of aggressive steps. We’ll cut travel expenditures 20 percent and make significant reductions in spending on vendors and contingent staff. We’ve scaled back Puget Sound campus expansion and reduced marketing budgets. We’ll also reduce costs by eliminating merit increases for FY10 that would have taken effect in September of this calendar year.
I’m sure folks are glad to still have a job, but it looks like salaries will be frozen for the time being.
The full memo: