Microsoft to Cut Nearly 1,000 Jobs
Microsoft confirmed on Monday that the company will cut hundreds of jobs, as the software maker’s revenue is expected to slow thanks to weaker sales of Windows licenses for PCs.
Microsoft confirmed on Monday that the company will cut hundreds of jobs, as the software maker’s revenue is expected to slow thanks to weaker sales of Windows licenses for PCs.
“Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly,” a Microsoft spokesperson told CNBC.
“We will continue to invest in our business and hire in key growth areas in the year ahead,” the spokesperson announced.
Monday’s announcement comes three months after Microsoft said it trimmed less than one percent of employees.
In July, Microsoft called for about ten percent revenue growth in the fiscal first quarter, which is slower than it has been in more than five years. Read More...
