Reuters: Microsoft Corp. will slash 14% of its workforce; it will lay off 1,350 employees in the Seattle area.
Reuters: Microsoft Corp. will slash 14% of its workforce; it will lay off 1,350 employees in the Seattle area.
The larger-than-expected cuts, announced on Thursday, are the deepest in the company’s 39-year history and come five months into the tenure of Chief Executive Officer Satya Nadella. He outlined plans for a “leaner” business in a public memo to employees last week.
“We will simplify the way we work to drive greater accountability, become more agile and move faster,” Nadella wrote to employees in a memo made public early Thursday. “We plan to have fewer layers of management, both top down and sideways, to accelerate the flow of information and decision making.”
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