Tuesday, November 4, 2014

Microsoft to Slash Up to 18,000 Jobs News

Company CEO Satya Nadella wrote in an open letter to his employees that up to 18,000 jobs would cut by next summer, noting that the “vast majority” of cut employees would be notified within the next six months. This will be the biggest round of layoffs in the company’s 29-year history. He said that 12,500 layoffs would come from the Nokia Devices and Services division, which Microsoft  purchased in September 2013 and the end of 2013, and had about 91,000 employees as this issue went to press. Nadella said that all workers affected by the cuts would receive a severance package, as well as job transition help.

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