Microsoft, the software giant, is laying off more than 5000 jobs worldwide, in an effort to cut costs and preserve profitabilty.
Senator Charles Grassley sent a letter to Steve Balmer, current CEO of Microsoft saying that they have a "moral obligation to protect American workers first".
This is an exaple of "protectionism" the definition of which I posted a couple of days ago on this blog.
Tuesday, February 3, 2009
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