Microsoft hands out 18,000 pink slips

CNET  by   July 17, 2014

Satya_NadellaMicrosoft CEO Satya Nadella on Thursday laid out plans to cut as many as 18,000 jobs in the next year.

The software titan had been widely expected to announce the cuts today, but the magnitude of the layoffs was surprisingly large. A vast majority of the cuts — 12,500 — will come from professional and factory positions from the recently acquired Nokia devices and services division.

Microsoft said the company is working on reducing the first 13,000 positions, and many of the employees will be notified in the next six months.

Full Article

(Visited 17 times, 1 visits today)