18,000 Microsoft Employees to Be Laid Off

Episode 1102 (05:18)

Microsoft

In the biggest layoff of Microsoft's history, 18,000 employees are on the line to be let go. That amounts to 14 percent of its staff. But the majority of those people came on board when Microsoft bought Nokia, and most are not in the U.S. either. It will cost Microsoft 1.1 to 1.6 billion dollars in severance and benefits. 13,000 jobs will be cut immediately and another 5,000 will be cut over the next 6 months. A total of 1,351 jobs will be cut in the Seattle region at Microsoft's headquarters.

Microsoft Layoffs Would Be the Fourth-Biggest in Tech’s Modern History (Slate)…
http://www.slate.com/blogs/moneybox/2014/07/18/microsoft_cuts_18_000_jobs_it_s_the_fourth_biggest_tech_layoff_ever.html

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