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Microsoft Layoffs Expected Amongst Talk of Restructured Cloud Sales
07 July 2017, 12:47 | Kristen Gross
Microsoft is expected to announce a major restructuring of its cloud services today with thousands of jobs on the line
Microsoft plans to cut thousands of jobs, with a majority of them outside the United States, the company has confirmed.
Update: Microsoft is said to be laying off up 3,000 sales employees with a majority of the positions coming from global offices according to CNBC. "This can result in increased investment in some places and, from time-to-time, re-deployment in others." a Microsoft spokesperson said when speaking to CNBC.
The Microsoft email last week said the reorganization was meant to sharpen its focus on "six priority industries": manufacturing, financial services, retail, health, education and government.
Microsoft had more than 121,000 employees worldwide at the end of March, according to its website.
Following speculation swirling around the Street, Microsoft Corporation (NASDAQ: MSFT) announced it would eliminate thousands of positions, primarily related to sales. Fortunately, as Business Insider and All About Microsoft has reported, not everyone scheduled for meetings today will be let go. However, there has been no number attached to how many could be released during this shift, and today's chatter on Blind has yet to crystallize the potential.
Facebook founder Mark Zuckerberg visits Nebraska and Iowa
According to tech observers, a favorite talking point of Zuckerberg's - to his credit - is how Facebook members use the platform. Until recently, the Nebraska constitution banned gay marriage. "Increasing user engagement is a necessity for Facebook ".
The Redmond, WA-based company said it would cut up to 3,000 positions as part of a major reorganization.
MicrosoftAzure and Amazon Web Services are the dominant "super-clouds" for computing, according to the analyst.
Chief executive Satya Nadella has sought to reduce the tech giant's focus on software, shifting to cloud computing and business services.
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. Approximately 25,000 Microsoft workers use the anonymous chat app. And businesses require specialized cloud software, tailored for their industry.
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Tesla's lower-priced Model 3 to start production Friday
The current share price indicate that stock is -21.25% away from its one year high and is moving 96.88% ahead of its 52-week low. August production "should be" 150 cars , he said , and he projected more than 1,500 of the vehicles will be made in September.
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Budget-Funding 'Head Count' Scheduled Today In Illinois House
Madigan said Saturday on the House floor that members will convene again Sunday, but no budget bills will be called before Monday. Their rates would increase from about $2,250 annually to about $2,970, depending on how many exemptions they claim.
NJ governor orders partial shutdown of state government
If the shutdown continues into next week, nobody's getting any new state permits or copies of marriage and birth certificates. It does not affect essential services, such as the New Jersey State Police, psychiatric hospitals, of NJ Transit operations.
Companies, governments assess damage from latest malware
Meanwhile, in the United States, it affected companies such as the drugmaker Merck and food conglomerate Mondelez International. In a joint statement, CSA and SingCert said they have not received any reports on Petya ransomware infection.