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Ax Falls at Microsoft as Company Looks to Cut up to 18,000 Jobs
Microsoft on Thursday announced it plans to cut up to 18,000 jobs this year–its deepest-ever cuts–as the company looked to digest its Nokia acquisition and reposition itself for the future.
Following the Nokia acquisition, completed in April, Microsoft had roughly 127,104 employees, meaning the cuts could reduce nearly 15 percent of its workforce.
[edited by: bill at 9:57 pm (utc) on Jul 17, 2014]
[edit reason] tidy up [/edit]
Microsoft Corp. today announced a restructuring plan to simplify its organization and align the recently acquired Nokia Devices and Services business with the company’s overall strategy.
These steps will result in the elimination of up to 18,000 positions over the next year. Of the total, about 12,500 professional and factory positions will be eliminated through synergies and strategic alignment of the Nokia Devices and Services business acquired by Microsoft on April 25.
The actions associated with the plan are expected to be substantially complete by Dec. 31, 2014, and fully completed by June 30, 2015. Microsoft Restructuring [microsoft.com]