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Microsoft to Cut Nearly 3,000 More Jobs

Job cuts

Almost 3,000 more Microsoft employees around the world start a new week knowing that their days at the software giant are numbered.

The company made the disclosure late last week in its annual regulatory filing that it will cut another 2,850 positions — just the latest round of layoffs announced from Redmond in the past two years.

As of June 30, 2016, Microsoft employed around 114,000 people, including 63,000 in the United States. The company has been paring down its workforce significantly.

Microsoft approved a plan last summer to eliminate roughly 7,400 positions in fiscal year 2016 (FY16), predominantly in its phone hardware business, according to its regulatory filing with the Securities and Exchange Commission. And just two months ago, the company announced plans to nix 1,850 positions.

Microsoft anticipates completing the recently announced layoffs by the end of FY17.{ad}

The job cuts are hardly as sweeping as the company’s restructuring two years ago. In 2014, Microsoft announced plans to cut 18,000 positions in a move that was largely related to its $7.2 billion acquisition of Nokia’s mobile-phone business.

Last month, Microsoft announced an agreement to acquire LinkedIn for $196 per share in a deal valued at $26.2 billion.

Founded in 1975, Microsoft operates in more than 190 countries and reported $85.3 billion in FY16 revenues, a 9 percent decrease compared to the prior year ($93.6 billion).


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