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 National, World

Israel intensifies Gaza assault, Egyptians revise truce plan

A Palestinian firefighter reacts as he tries to put out a fire at Gaza's main power plant, which witnesses said was hit in Israeli shelling, in the central Gaza Strip July 29, 2014.

Israel knocked out Gaza's only power plant, while Egyptian mediators prepared a revised proposal for halting its war with Islamist militants in the enclave.

in Sports

Star sprinter Torrin Lawrence dies at 25

FILE - In this June 20, 2013 file photo, Torrin Lawrence reacts after his heat in the senior men's 400-meter dash at the U.S. Championships athletics meet in Des Moines, Iowa. Former University of Georgia 400-meter runner Torrin Lawrence died in a car accident early Monday, July 28, 2014 in Cordele, Ga. He was 25.

Celebrated track star Torrin Lawrence has been killed in a tragic road accident in Georgia.

in Lifestyle

Fist bumps relay 90 percent less germs than handshakes

President Barack Obama fist bumps the cashier after paying for his order at Franklin Barbecue in Austin, Texas on July 10, 2014.

Replacing handshakes with fist bumps could help cut down on the spread of bacteria and illnesses, according to a new study.

in Lifestyle

Sony looks to revive the Playstation network

A white Sony Playstation 4 is on display at the 2014 Electronic Entertainment Expo, known as E3, in Los Angeles, California on June 11, 2014.

Sony Corp is hammering out plans to rise from the ashes of nearly $10 billion lost in six years by building a future around the PlayStation.

in Lifestyle

Apple updates MacBook Pro laptops, cuts price of older model

The Apple logo is pictured on the front of a retail store in the Marina neighborhood in San Francisco, California on April 23, 2014.

Apple Inc said it updated its MacBook Pro line of laptops with a high-resolution Retina display, faster processors and higher memory for a starting price of $1,299.