Layoffs hit otherwise healthy Microsoft (MSFT) last week, according to news buried in a Bloomberg report on Microsoft-owned agency Razorfish’s Wysiwyg acquisition:
The company cut 40 employees at its office in New York this week as clients reduced spending budgets in the financial-services sector, [Razorfish Chief Executive Officer Clark Kokich] said.
Kokich said the company has seen “a little bit of softness” in digital marketing amid the financial crisis, yet he sees growth continuing at a slower pace.
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