BREAKING: Microsoft To Slash 18,000 Jobs

There have been rumors of this for the last couple of days and now it’s confirmed. Microsoft will get rid of 18,000 jobs. Most of this will come from Nokia which they recently purchased, but other operations will be affected. Microsoft take pretax charges of $1.1-billion to $1.6-billion for the costs of the layoffs over the next four quarters. The full details are in an announcement that is crossing the wires now. We’ll likely get a lot more detail on Microsoft’s earnings call on July 22nd. But I have to admit that I’m stunned by the scale of the layoffs at Microsoft.

 

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