Sunday, February 25, 2018

Microsoft to cut 18,000 jobs


Microsoft announced the biggest layoffs in its history yesterday, saying it will cut 18,000 jobs or 14 per cent of its workforce as it streamlines its Nokia mobile device business to focus on using the Windows Phone operating system.

Although the job cuts had been expected, the extent of them was a surprise. It’s the boldest move by chief executive Satya Nadella since he took the reins from Steve Ballmer in February. In a public e-mail to employees yesterday, he said the changes were needed for the company to “become more agile and move faster”.