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Why Microsoft cuts another 1,000 employees

Microsoft has laid off a thousand employees. But for a huge corporation, this is only 1% of the total number of employees.

In July, 7.8 thousand employees lost their jobs at Microsoft. Employees of the division that developed smartphones on Windows Phone were fired. This time, the cuts affected the employees of the accounting and legal departments, reports Business Insider.

“Job cuts are spread across several areas of activity and countries. It reflects adaptation to the needs of the business, ”a Microsoft representative told the New York Times.
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Last year, the restructuring at Microsoft deprived of work about 18 thousand people.

New Twitter microblogging chief executive Jack Dorsey also planned to carry out large-scale staff reductions. This was reported on October 11.

Today, Megamind, citing the Financial Times, also wrote that the Bing search engine, developed by Microsoft, was the first to be paid for. Search engine profit already exceeded $ 1 billion, an increase of nearly a third.

After the publication of this information, together with the quarterly reporting , the stock price of Microsoft rose to $ 52 per security. This is a 15-year record, the last time the shares of the Redmond giant reached this mark in 2000.

Source: https://habr.com/ru/post/295672/


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