Friday 18 July 2014
Microsoft announces biggest layoff in history, cutting 18,000 jobs
‘Microsoft will cut a record 18,000 jobs next year, as the company’s new CEO Satya Nadella seeks to boost efficiency, according to a company memo on Thursday.
“The first step to building the right organization for our ambitions is to realign our workforce. With this in mind, we will begin to reduce the size of our overall workforce by up to 18,000 jobs in the next year,” Satya Nadella said in the memo published by Business Insider.
The number made redundant represents 14 percent of the entire Microsoft workforce.’
