Microsoft to cut 18,000 jobs
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.