Microsoft Corp plans to cut “thousands” of jobs, with a majority of them outside the United States, a person familiar with the matter told Reuters.
Reuters reported on Monday that Microsoft would undergo a reorganization that would impact its sales and marketing teams
as the company doubles down on its fast-growing cloud business.
Microsoft’s shares were down 0.7 percent at $68.63 on Thursday.
Gloabl workforce
The Redmond, Washington-based company employed about 120,000 people globally as of March 31, with sales and marketing teams accounting for about 19 percent of the workforce, according to the company's website.
Microsoft has notified some employees about the reductions, the source said.
However, in some geographies, the company plans to notify employees that their jobs are under consideration, the source added.
Since taking over as chief executive in 2014, Satya Nadella has sharpened the company’s focus on its cloud computing unit to counter a prolonged slowdown in the PC market.
Also Read
-
Microsoft challenges Sony with powerful new Xbox One X
Microsoft on Sunday unveiled Xbox One X -- billing it as the most powerful video console ever made, and escalating a battle with market king ... Variety -
Microsoft says cyberattack should be a wake up call for governments
Microsoft warned governments Sunday against storing computer vulnerabilities like the leaked one at the heart of the cyberattack that has crippled ... Digital -
Microsoft making additional job cuts in phone business
The giant tech company reported earlier this month that its revenue fell 9 percent in the previous 12 months Technology -
Microsoft agrees to buy LinkedIn for $26.2 bln
Microsoft Corp agreed to buy LinkedIn Corp for $26.2 billion in cash, the companies said in a statement on Monday. The offer of $196 per ... Technology
