Bloomberg: Microsoft to slash jobs as early as this week

Microsoft (NASDAQ:MSFT) is preparing for its next round of lay offs as it looks to scale back and streamline its Nokia Oyj's handset unit, Bloomberg reports.

The restructuring may end up being the largest in Microsoft history, exceeding the 5,800 jobs cuts in 2009.

The company added around 30k jobs after it acquired Nokia’s mobile device business, and it will announce the reductions centered around its Nokia unit and marketing and engineering divisions that overlap with the business.

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Comments (2)
  • ratnamsub
    , contributor
    Comments (452) | Send Message
    Reducing employee is one of the easier methods in reducing costs and increasing the stock price. This will not sustain till it is proven that breaking some eggs will end up as bacon. If the bacon is realised than it will tell us the company was poorly managed in the past. That will be good news. Let us wait and see.
    15 Jul 2014, 05:20 AM Reply Like
  • alpine
    , contributor
    Comments (2081) | Send Message
    Why does it always seem that there a simple, positive correlation between a long, detailed corporate-wide message from the CEO and a "surprisingly" large layoffs within days of such an email. This is arguably excellent fodder for an ambitious DBA student at Harvard.
    15 Jul 2014, 08:12 AM Reply Like
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