Latest News
-
IRFC, RVNL, IRCTC, Railtel: Railway Stocks In Focus As Election Polls Begin; Mega Rs 10-12 Lakh Crore Plan -
Rs 14/Share Dividend: Stockbroking Co To Consider Bonus Share, Shares Up 126% In 180-Days -
Varyaa Creations IPO Set To Shine: Boasts Robust GMP Of Rs 100 -
BEL, HAL, Cochin, Mazagon Dock: Why Defence Stocks Are Flying High When Middle East Is In Kaboom? -
FII-Backed Penny Stock Issues New Update On Warrants, Shares Gain 111% In 3-Yrs -
Top 5 Bank Savings Accounts With No Hidden Charges; Check Details? -
150% Gains In 12 Months: This Multibagger Telecom Stock Hits 52-Week High; IIFL Finance Recommends BUY! -
Singapore Orders Recall Of Everest Fish Curry Masala Over Pesticide -
China's Sinking Cities: Researchers Warn Of A Looming Threat, Say Half Of Major Cities Are Drowning -
Inox Wind Secures Repeat 210 MW Order From Hero Future Energies
Lay Off: Microsoft To Cut Up To 3,000 Jobs
Microsoft has 71,000 employees in the US and 121,000 employees around the globe, suggesting that these cuts are relatively small compared to the size of its entire workforce.
Technology giant Microsoft is undertaking a major reorganisation that will likely see the company cutting about 3,000 jobs from its global workforce, a media report said. The layoffs under the restructuring at the technology giant led by India-born Satya Nadella will mostly affect sales, and as many as 3,000 jobs will be cut, CNBC reported.
The media report quoted a Microsoft spokesperson as saying that the company is implementing changes to better serve its customers and partners.
"Today, we are taking steps to notify some employees that their jobs are under consideration or that their positions will be eliminated. Like all companies, we evaluate our business on a regular basis. This can result in increased investment in some places and, from time-to-time, re-deployment in others," the spokesperson said. Job Loss: Don't Panic! Here Are 9 Business Ideas With No Cost
CNBC added that the job cuts amount to less than 10 per cent of the company's total sales force, and about 75 per cent of them will be outside the US.
The report added that Microsoft was going to specifically focus on how it sells its cloud-services product, Azure. Microsoft's cloud business has been booming over recent quarters and the company - Microsoft noted Azure sales growth of 93 percent last quarter. "While Amazon has become a bigger competitor in the space, Microsoft's restructuring is to pivot to software as a service, platform as a service and infrastructure," the report said.
Microsoft said its plan is to use employees who are more knowledgeable about specific verticals so they can sell bigger packages.
Microsoft has 71,000 employees in the US and 121,000 employees around the globe, suggesting that these cuts are relatively small compared to the size of its entire workforce, CNBC said.
Goodreturns.in
