Microsoft has announced today that it is cutting 14% of its total workforce, or 2100 jobs. From those 2100 employees who are now out of jobs, 747 of them are from the Washington state, with the remaining jobs lost from Microsoft's other locations across the world.
It was only a few months ago that the Redmond-based giant cut a total of 18,000 jobs, with 12,500 of those jobs being cut from the recently-acquired handset and services division from Nokia. At the time, CEO Nadella said that he wanted to get Microsoft in better shape, with the reductions required in order to properly integrate Nokia's services and devices teams into the company. The cuts were to both professional, and factory workers.
We should see Microsoft feeling pre-tax chargers of $1.1 billion to $1.6 billion over the next year, with $750 million to $800 million for severance and related benefit costs, and then $350 to $800 million for asset-related charges.
Last updated: Apr 7, 2020 at 11:48 am CDT
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