Technology

Microsoft to cut 18,000 jobs before 2015

As expected, Microsoft confirmed a restructuring plan to simplify its operations and, “align the recently acquired Nokia Devices and Services business with the company’s overall strategy.” The company made the announcement earlier today.
 
In a statement from the company Microsoft detailed the plan saying, “These steps will result in the elimination of up to 18,000 positions over the next year. Of the total, about 12,500 professional and factory positions will be eliminated through synergies and strategic alignment of the Nokia Devices and Services.” That business was acquired by Microsoft on April 25 of this year.
 
The company plans to have this completed by Dec. 31, 2014, and fully completed by June 30, 2015. “The company expects to incur pre-tax charges of $1.1 billion to $1.6 billion over the next four quarters,” Microsoft outlined, adding, “including $750 million to $800 million for severance and related benefit costs, and $350 million to $800 million of asset-related charges.”
 
The plans were outlined in an email from Microsoft CEO Satya Nadella to Microsoft employees, and an email from Microsoft Executive Vice President Stephen Elop to Microsoft Devices Group employees. To read Nadella’s email the link is below.
 
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Tags : Microsoft