Tens of thousands to be laid off at Microsoft

Microsoft to eliminate 18,000 jobs.

Microsoft says it will eliminate up to 18,000 jobs over the next year as it works on integrating the Nokia devices business it bought in April.

With the Nokia deal, Microsoft's employee headcount rose from about 99,000 last year to 127,000 as of last month.

Microsoft Corp. said Thursday that of the up to 18,000 jobs, about 12,500 professional and factory jobs will be cut. It anticipates charges of $1.1 billion to $1.6 billion over the next four quarters, which includes $750 million to $800 million for severance and related benefit costs.

Microsoft's stock rose slightly in Thursday premarket trading.

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  1. Ernie posted on 07/17/2014 09:39 AM
    If Microsoft was the government of Ontario, they would just keep paying those 18,000 people forever - needed or not - its the Wynne policy !
  2. Ultimate Insider posted on 07/17/2014 09:53 AM
    You really need to get over the a$$ kicking you and your Con losers suffered at the polls.
    1. Mark7 posted on 07/17/2014 10:38 AM
      @Ultimate Insider You really need to grow a brain. When the criminal Fiberals got back in (by the pinheads of Toronto), we have been assured to all get our "asses kicked". Wake up!
    2. dama posted on 07/17/2014 02:35 PM
      @Ultimate Insider NO, we dont have to get over the arse kicking whatever.. when have you become the CFRB 1010 internet police.. Me and Ernie and the rest have the right to post whatever we want and how we feel..

      Ernie is stating what came into his mind.. . Liberal will keep on paying these redundant workers for Wynne couldn't answer Ryan Doyle honestly when he asked her if she is firing the public workers to balance the budget in 2017..

      Back to topic: Microsoft is planning on laying off 18,000 and its stock went up.. pity (freaking investors) at the expense of these soon to be laid off workers..

      Something wrong with this picture ..
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