job cuts

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Microsoft Announces Massive Job Cuts

Microsoft has announced plans to cut 18,000 jobs , or roughly 14 per cent of its total workforce, by June 2015. The bulk of the cuts will be in its phone unit Nokia, followed by firm's sales, marketing, and engineering divisions. The question is: ... will these job cuts help or hinder the company's growth? Microsoft chief executive officer Satya Nadella says those affected by the cuts will be notified in the next six months. Microsoft is reportedly planning to offer affected employees generous severance and job transition packages worth an estimated $800 million. "The first step to ... (view more)

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