Friday July 29, 2016

Microsoft To Cut 2,850 More Jobs

Microsoft announced today that it will be cutting another 2,850 jobs over the next year. Counting the 1850 job cuts announced earlier this year, this brings the grand total of planned cuts to 4,700. Thanks to cageymaru for the heads up.

Microsoft Corp said it would cut about 2,850 more jobs over the next 12 months, taking its total planned job cuts to up to 4,700, or about 4 percent of its workforce. The company said in May it would cut 1,850 jobs in its smartphone business, most of them in Finland. Microsoft bought Finland-based handset maker Nokia in 2014 in an ill-fated attempt to take on market leaders Apple Inc. and Samsung Electronics Co Ltd.