News

Microsoft expected to announce job cuts

Microsoft expected to announce job cuts

MICROSOFT:Since absorbing the handset business of Nokia this spring, Microsoft has 127,000 employees, far more than rivals Apple Inc and Google Inc. Wall Street is expecting Chief Executive Satya Nadella to make some cuts, which would represent Microsoft's first major layoffs since 2009. Photo: Reuters

(Reuters) – Microsoft Corp is planning its biggest round of job cuts in five years as the software maker looks to integrate Nokia Oyj’s handset unit, Bloomberg reported, citing people with knowledge of the company’s plans.

The reductions, expected to be announced as soon as this week, could be in the Nokia unit and the parts of Microsoft that overlap with that business, as well as in marketing and engineering, Bloomberg reported.

Since absorbing the handset business of Nokia this spring, Microsoft has 127,000 employees, far more than rivals Apple Inc and Google Inc. Wall Street is expecting Chief Executive Satya Nadella to make some cuts, which would represent Microsoft’s first major layoffs since 2009.

The restructuring may end up being the biggest in Microsoft history, topping the 5,800 jobs cut in 2009, the report said.

Some of the job cuts will be in marketing departments for businesses such as the global Xbox team, and among software testers, while other job cuts may result from changes Nadella is making to the engineering organization, Bloomberg reported.

Last week, Nadella circulated a memo to employees promising to “flatten the organization and develop leaner business processes” but deferred any comment on widely expected job cuts at the software company.

Nadella said he would address detailed organizational and financial issues for the company’s new financial year, which started at the beginning of this month, when Microsoft reports quarterly results on July 22.

Microsoft could not be immediately reached for comment outside regular business hours.

(Reporting by Supriya Kurane in Bangalore; Editing by Gopakumar Warrier)

Recent Headlines

in Sports

NFL upholds Brady’s four-game Deflategate suspension

tombrady

The New England QB's punishment for his role in using under-inflated footballs during the AFC championship game last season was upheld by NFL commissioner Roger Goodell.

in Entertainment

Tom Cruise takes on Jimmy Fallon in latest lip-sync battle

17-overlay12

The Weeknd, the Righteous Brothers, and Meat Loaf are among the artists to get reinterpreted in this battle between "The Tonight Show" host and the "Mission Impossible" star.

in Sports

Arizona Cardinals hire the NFL’s first female coach

14-overlay18

The Arizona Cardinals are being hailed as groundbreakers after hiring Dr. Jen Welter to be a coaching intern during training camp this year, working with inside linebackers.

in Sports, Viral Videos

WATCH: Ohio State football players ‘dummy’ prank

24-overlay17

This Nike uniform "mannequin" did a better job bringing quarterback Cardale Jones to the ground than any Oregon player.

in Local

Vote Being Held On Rural Mitchell Fire District

voting

Polls are open from 4-8 pm on Tuesday.