Subscribe Register Login

Sunday, September 21, 2014, 9:13 a.m.
Top Picks - Arkansas Daily Deal

Microsoft to cut up to 18,000 jobs over next year

By The Associated Press

This article was published July 17, 2014 at 8:04 a.m.

REDMOND, Wash. — Microsoft is cutting up to 18,000 jobs, about 14 percent of its staff, over the next year as it works on integrating the Nokia devices business it bought in April and cut down on management layers.

The news sent shares up 3 percent in premarket trading.

It's the boldest move by CEO Satya Nadella since he took the reins from Steve Ballmer in February. In a public email to employees Thursday, he said the changes were needed "become more agile and move faster."

Of the 18,000 job cuts, about 12,500 professional and factory jobs will be cut. Microsoft expects charges of $1.1 billion to $1.6 billion over the next four quarters, which includes $750 million to $800 million for severance and related benefit costs.

Microsoft has been shifting its focus from traditional PC software to cloud computing and cloud-based products like its Office 365 productivity software.

Read tomorrow's Arkansas Democrat-Gazette for full details.

Comments on: Microsoft to cut up to 18,000 jobs over next year

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

TOP JOBS

  • Medical

    Little Rock Community Health Centeropening SoonFull Time Pos...
    PINE BLUFF, AR

  • Cabot searcy

    The Arkansas Democrat-Gazette has a full-time sales position...
    Little Rock, AR

  • Concrete cutters

    concrete cutters - Exp. a + will train. Drug screen & good d...
    JACKSONVILLE, AR

  • Donate plasma

    . Save LivesEarn money when you donate at Octapharma PlasmaB...
    NORTH LITTLE ROCK, AR

  • Engineer / draftsman

    engineer/draftsmanfull time Mechanical/Industrial Engineer, ...
    DE WITT, AR

Search 1149 jobs >

Top Picks - Arkansas Daily Deal
Arkansas Online