Tag: layoffs

Crisis-stricken GE to unveil painful roadmap to salvation

by Luc Olinga © Agence France-Presse NEW YORK, United States (AFP) — Iconic American industrial behemoth General Electric, which has lost investor confidence amid bad investment decisions, is preparing to slice up its empire again, selling major business segments and laying off thousands. Hammered by financial markets, with its market capitalization down more than $100 billion since January, the maker of jet engines and power turbines is paying dearly after making losing bets that the energy sector, […]

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Microsoft plans layoffs in sales force shake-up: reports

SAN FRANCISCO, United States (AFP) — Microsoft is planning layoffs as it refocuses its sales force on making the software colossus a pivotal part of businesses relying on cloud computing, according to media reports. While many reports forecast the changes would result in thousands of job cuts, Microsoft on Monday only confirmed to AFP that changes were on the way. “Microsoft is implementing changes to better serve our customers and partners,” a Microsoft spokesperson told […]

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Microsoft cutting up to 7800 jobs

(Reuters) Big job cuts at Microsoft. The world’s largest software company is cutting up to 7,800 positions – most of them in its phone business. This move comes just one year after it launched one of the largest layoffs in tech history – some 18,000 jobs – as it tried to focus on cloud computing and mobile software services. Microsoft will write off $7.6 billion associated with Nokia’s handset unit it bought last year. It’s […]

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