Microsoft expects to retrench up to 5000 jobs over the next 18 months. Their income had dropped about 11 percent over the last few years. Economic crisis struck and many people prevent themself from buying too much and save some of in for rainy days.
More people are getting into financial crisis after they had been retrenched. Singapore at last used the money saved for rainy days to help out singaporeans. I was shock when i saw the newspaper. It said that singapore took out billions of dollars. I do not know that singapore is that rich.
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