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Microsoft To Layoff 18,000 Employees
All is not well over at Microsoft, as the company’s CEO Satya Nadella confirmed today via a letter that the corporation is preparing to layoff around 18,000 employees. These layoffs will be the most severe in Microsoft’s history. (The New York Times has confirmed that this makes up around 14 percent of the company.)
This will commence starting next year, and Microsoft’s newly-acquired Nokia branch will suffer the hardest. About 12,500 jobs will be lost as Microsoft will attempt to merge the two companies.
“We are moving now to start reducing the first 13,000 positions, and the vast majority of employees whose jobs will be eliminated will be notified over the next six months,” Nadella wrote, in part. “It’s important to note that while we are eliminating roles in some areas, we are adding roles in certain other strategic areas. My promise to you is that we will go through this process in the most thoughtful and transparent way possible. We will offer severance to all employees impacted by these changes, as well as job transition help in many locations, and everyone can expect to be treated with the respect they deserve for their contributions to this company.”
Nadella stated that he will have more to share regarding the company’s future during an earnings call on July 22nd.
Microsoft was founded in Albuquerque, New Mexico in 1975. Since then it has helped pioneer the personal computer industry with MS-DOS and Windows. Some of its biggest branches today include Skype, Internet Explorer and Xbox.
Our very best goes out to all those affected.