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July 17, 2014

Microsoft to lay off 18,000 as it digests Nokia

Posted by David Hunter at 9:32 AM ET.

Microsoft’s new CEO Satya Nadella dropped the other shoe today by announcing layoffs of up to 18,000 employees over the next year. 13,000 will be announced imminently and of those,  “our work toward synergies and strategic alignment on Nokia Devices and Services is expected to account for about 12,500 jobs, comprising both professional and factory workers.” I expect that, as usual, it’s better to be working for the the absorber than the absorbee.

As for the remaining 5,000, “the vast majority of employees whose jobs will be eliminated will be notified over the next six months.”



Filed under Executives, Financial, General Business, Layoffs, Microsoft, Satya Nadella

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