Rumors of massive job losses at Microsoft have been proved accurate, as the company has confirmed that it will cut up to 3,000 staff from its global workforce, as it focuses more heavily on the cloud.
The Redmond giant, which employs almost 120,000 people is about to let go of 700 employees. The company's latest round of layoffs seems to be part of the job cuts it announced back in July.
HP has announced that up to 4,000 of its employees will be losing their jobs over the coming years, as part of the company's efforts to lower costs and remain competitive in the market.
Microsoft cut 19,000 jobs in its 2015 fiscal year, and 7,400 in FY2016. Having announced an additional 1,850 lay-offs in May, it now says that a further 2,850 jobs will go over the next twelve months.
Microsoft has confirmed that a large number of employees will lose their jobs as the company further scales back its efforts in the mobile space, and it will also take a $950m 'impairment' charge.
It looks like Jolla may be in a bit of trouble as it has announced plans to enter a debt restructuring program in Finland. If this wasn't enough, Jolla has also announced "temporary layoffs".
Microsoft has once again announced the restructuring of its business units, bringing the number of divisions down to three from the earlier five for the purpose of reporting financials.
BlackBerry CEO John Chen has said that the company's three-year restructuring - which has seen its workforce reduced by 60% to just 7,000 - is now over, and BlackBerry will soon begin hiring again.
Microsoft may announce significant reductions in its workforce as early as this week, potentially topping 2009's 5,800 layoffs; its Nokia acquisition is believed to be a primary reason for the cuts.
A report claims Steve Ballmer's departure from Microsoft was sped up because of internal conflicts at the company as well as external views of the chief executive's leadership.
Microsoft is expected to announce the new division heads of its reorganization as early as next week, according to a new report. Several current executives will see expanded roles in the company.
Microsoft is reportedly nearing a restructuring effort led by CEO Steve Ballmer, which will likely see several key executives at the company moving to new, expanded roles.
Preliminary financial reports indicate Nokia has started to slowly recover but the Finnish company will be slashing another 1000 jobs, mostly in Finland, in an effort to get back to profitability.
HP is rumored to be considering a move that could cause as many as 25,000 of its employees to be laid off, or about eight percent of its total workforce, including some early retirement packages.
After last month's announcement that it would lay off 2000 workers, Yahoo's CEO has outlined further plans to restructure the company, admitting that it has "been doing way too much" in recent years.
Sony Corp, the maker of Bravia LCD TVs, Cyber-shot cameras and the Playstation game console, is expected to announce a restructuring plan this week, according to the Financial Times. Last month the Japanese company outlined...
Dell's President of Global Operations, Mike Cannon, and Chief of Marketing, Mark Jarvis, are leaving the company less than two years after being brought on by Dell CEO Michael Dell, who returned to the helm...
LucasArts confirmed today a major restructuring of its development studio. It marks the first change within the company since Jim Ward took over as president in May. "Since joining LucasArts in early May, I've taken...