The new job cuts started on 1 July, and will continue until the end of financial year 2017. Microsoft Corp is more that doubling an earlier job cut plan, part of chief executive officer Satya Nadella’s move to pare the company’s smartphone ambitions.
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San Francisco: Microsoft says it is cutting 2,850 jobs, about 2.5 percent of its workforce, as it further scales back its troubled smart phone business. In the fourth quarter of 2016, management approved restructuring plans that would result in job eliminations, primarily across our smartphone hardware business and global sales. She declined to say which geographic locations would be affected but said numerous laid off workers had already been notified.
The cuts are expected to be completed by the end of June 2017.
Deep in Microsoft’s 10Q filing, the company has stated that they plan to cut an additional 2850 employees to the previously announced 1850 layoffs announced in May of 2016.
The first 1,850 layoffs mentioned here were mainly from Microsoft’s struggling smartphone business, including 1,350 employees in Finland working at what was once Nokia world headquarters.
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As of June 30, Microsoft employed about 114,000 people full-time, with 63,000 of those in the US, the SEC filing said.
