Microsoft cuts 3,000 jobs, rounding out July plan
Reuters
Published Oct 29, 2014 02:41PM ET
Microsoft cuts 3,000 jobs, rounding out July plan
SEATTLE (Reuters) - Microsoft Corp (O:MSFT) said on Wednesday it cut about 3,000 jobs, effectively completing its plan to reduce its workforce by 18,000, or 14 percent of total staff, announced in July.
The majority of the 18,000 job cuts were in the phone handset business Microsoft acquired from Nokia (HE:NOK1V) earlier this year.
"We've taken another step that will complete almost all the 18,000 reductions announced in July," said a Microsoft spokesman. "The reductions happening today are spread across many different business units and many different countries."
He said 638 of Wednesday's cuts were in Microsoft's home state of Washington, where it has its Redmond headquarters.
Microsoft, the world's largest software company, will have about 110,000 employees once the job reductions are completed. It took a charge of $1.1 billion in its latest quarterly earnings report for the restructuring and integration of the Nokia phone operation and associated job cuts.
(Reporting by Bill Rigby; Editing by Steve Orlosky)
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