"Microsoft is preparing to announce its largest-ever layoffs on Thursday, with cuts coming from across the company, but with the former Nokia business being hardest hit, sources say.Microsoft’s Largest-Ever Layoffs Coming Thursday With Former Nokia Hardest Hit | Re/code
The announcement is expected before the financial markets open on Thursday morning.
Numerically, the layoffs are expected to be the company’s biggest-ever job reduction, surpassing the 5,800 or so workers cut during the 2009 downturn, sources said. However, the layoffs to be announced Thursday are a combination of a strategic shift alluded to in last week’s memo by CEO Satya Nadella as well as delivering on the already promised $600 million in cost savings that the previous management had promised would come from the Nokia acquisition."
Thursday, July 17, 2014
Microsoft’s Largest-Ever Layoffs Coming Thursday With Former Nokia Hardest Hit | Re/code
A difficult day for Redmond (and Helsinki)