Microsoft to Shed 2,850 Additional Jobs
July 28 2016 - 9:20PM
Dow Jones News
Microsoft Corp. plans to lay off 2,850 employees, adding to
previously announced job cuts as it retools its sales operations
and dismantles its mobile phone hardware business.
The software giant disclosed the latest cuts in a Thursday
filing to the U.S. Securities and Exchange Commission.
Nine hundred of the layoffs in the global sales unit have
already been completed, a spokesman said.
Those cuts are part of a restructuring announced earlier this
month when former chief operating officer Kevin Turner departed
Microsoft for hedge fund Citadel LLC's securities unit. His
departure led Microsoft Chief Executive Satya Nadella to reorganize
the sales group.
Microsoft disclosed the new leadership group as part of that
reorganization, but it didn't publicly note the layoffs at the
time.
The remaining 1,950 cuts, which Microsoft expects to complete by
mid-2017, will include jobs in the sales organization and mobile
phone division.
The latest cuts come on the heels of 1,850 layoffs in the phone
unit, announced in May.
Write to Jay Greene at Jay.Greene@wsj.com
(END) Dow Jones Newswires
July 28, 2016 21:05 ET (01:05 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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