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Wireless

Microsoft confirms plan to cut 18,000 jobs

Thursday 17 July 2014 | 14:53 CET | News
Microsoft has confirmed plans to cut 18,000 jobs over the next year, mainly at the mobile phone activities acquired from Nokia. Of the total, about 12,500 professional and factory positions will be eliminated through synergies and strategic alignment of the Nokia Devices and Services business, Microsoft said. When Microsoft completed the takeover of the Nokia business in April, it acquired around 25,000 additional employees. Microsoft expects to complete most of the cuts by the end of this year and all the restructuring by mid-2015. The plan will result in USD 1.1-1.6 billion in pretax

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Categories: Mobile & Wireless
Companies: Microsoft / Nokia
Countries: World
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