Microsoft to Cut up to 18,000 Jobs
Posted: July 17, 2014 Filed under: Breaking News, Economics, U.S. News | Tags: Global Panic of 2014, Google, Microsoft, Nadella, Nokia, Satya Nadella, USA TODAY
Microsoft confirmed it will cut up to 18,000 jobs over the next year, part of the tech titan’s efforts to streamline its business under new CEO Satya Nadella.
In a statement released Thursday, Microsoft says about 12,500 of the professional and factory positions will be cut as part of its $7.2 billion acquisition of Nokia’s handset business.
“My promise to you is that we will go through this process in the most thoughtful and transparent way possible,” said Nadella in a memo to employees…(read more)