TECH GIANT CUTTING 18,000 JOBS
Microsoft’s major layoff just got major-er …
The Redmond, Washington tech giant was expected to cut 6,000 positions – its biggest workforce reduction since the peak of the recession in 2009.
Turns out that estimate wasn’t even close.
“The first step to building the right organization for our ambitions is to realign our workforce,” an email from company CEO Satya Nadella states. “With this in mind, we will begin to reduce the size of our overall workforce by up to 18,000 jobs in the next year.”
Whoa … 18,000???
Microsoft isn’t the only tech concern shedding positions. Hewlett-Packard is in the midst of a rolling five-year layoff of 50,000 employees, while IBM is “rebalancing” its workforce by shedding 13,000 jobs.
Ah, the recovery …