Microsoft Corp. said on Thursday it would cut up to 18,000 jobs, or about 14 percent of its workforce, as it halves the size of its recent Nokia acquisition and trims down other operations.Another data point for Rise of the Machines.
The company said it would take a pre-tax charge of $1.1 billion to $1.6 billion for the costs of the layoffs during the next four quarters.
The restructuring will be the biggest in Microsoft history, topping the 5,800 jobs cut in 2009.
Microsoft shares were up nearly 3 percent in premarket trading, to $45.37 a share.
Microsoft to cut 18,000 jobs
Subscribe to: Post Comments (Atom)
Body Count goes to Vegas! Ernest Scherer III was a Vegas loser who fancied himself a professional poker player. Doesn't that photo tell ...
UPDATE: Edited to remove the guy's name. I hope nobody harasses him or his employer. He was good-natured and his sign was innocuous a...
Maybe teaching racial division and hatred wasn't such a good idea after all
Doctor cycling in California run down, stabbed by driver screaming about ‘white privilege’ : A doctor cycling along the Pacific Coast Highwa...
Just think how many H-1B visa holders will be amongst the 18,000. Any?
Will MSFT give a list of these H-1Bs to ICE for deportation?
Post a Comment