Showing posts with label 18. Show all posts
Showing posts with label 18. Show all posts

Thursday, 17 July 2014

Microsoft set to axe 18,000 jobs

Microsoft is to cut up to 18,000 jobs marking the deepest cuts in the technology firm's 39-year history.
The bulk of the cuts, around 12,500, will be in its phone unit Nokia, which Microsoft bought in April, the firm said.
Microsoft pledged to cut $600m (£350.8m) per year in costs within 18 months of closing the acquisition.
The cuts are much more severe than the 6,000 initially expected.
Chief executive officer Satya Nadella, who took the helm in February, wants