Microsoft has plans of biggest job cutting round in 5 years as it wants to cut down and wants to integrate the handset unit of Nokia Oyj.
Satya Nadella, the CEO stated in a last week’s interview that he wishes to make changes in the company. The areas of reduction would be marketing, engineering and others that overlap Nokia.
The company would soon unveil the restructuring and there are chances of it being the biggest one in the history of the company. Details are still being finalized. Nadella also stated that Microsoft will have to be more efficient and focused. Greater emphasis is being laid on productivity software, cloud computing and mobile devices.
In earlier years smaller job cuts have been seen in Microsoft in marketing and advertising. Even in the year 2009, a companywide restructuring was undertaken by the company and it impacted thousands of workers. Around 5,800 workers were cut which can be said as 5 percent of workforce.
The shares of Microsoft were changed to $42.09 and the stock had climbed 13 percent. Some of the job cuts would be in global Xbox team based out at UK.