SUMMARY
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MANILA, Philippines – Microsoft CEO Satya Nadella released a memo to employees Thursday, July 17, announcing 18,000 job cuts over the next year.
Mashable, which has a copy of Nadella’s memo, reports that the cuts come after the company’s $7 billion acquisition of Nokia.
According to Nadella’s memo, 12,500 of the job cuts will come from Nokia’s Devices and Services division, making up both professional and factory worker positions.
The first 13,000 positions to be reduced will be informed of their status over the next 6 months, with the company saying it will offer severance packages and job transition help in many locations.
Nadella, in speaking of the job reductions, has promised to “go through this process in the most thoughtful and transparent way possible.” – Rappler.com
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