Microsoft Plans to Cut Up to 3K Jobs in Sales Staff Overhaul
- Author: Regina Walsh Jul 07, 2017,
Jul 07, 2017, 0:44
Microsoft announced a major reorganization on Wednesday that will include thousands of layoffs, largely in sales. Microsoft doesn't give specific revenue figures for its cloud computing platform, Azure, but said in its most recent earnings report that Azure revenues grew 93%.
The changes, the spokesperson said, are being implemented to better serve customers and partners. At the time he stated his intention of turning Microsoft into a cloud services company, and has made good on that promise with the company now issuing updates on a near-weekly basis.
Fortt states today that the cuts would be focused in Microsoft's sales operations, citing multiple unnamed sources.
Mid-year re-structurings have become the standard at Microsoft ever since former CEO Steve Ballmer announced a company-wide restructuring in 2013 - shortly before he departed from the company and current chief executive Satya Nadella took over in 2014.
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Downs, and star Ilana Glazer - the three are frequent collaborators on Comedy Central's "Broad City" and "Time Traveling Bong". The biopic, starring Demetrius Shipp Jr., earned $12.8 million Friday, as audiences bestowed the film with an A- CinemaScore.
The Redmond-based software giant didn't go into details about how many people would lose their jobs as part of the company's long-rumored reorganization, but a report from CNBC put the number around 3,000.
Currently, the company has over 120,000 employees working for them globally.
Microsoft Corporation shares were trading at $68.59 per share on Thursday morning, down $0.49 (-0.71%).