Microsoft Corp. [fortune-stock symbol=”MSFT”] employees may feel the harsh realities of Satya Nadella’s vision for the company as early as next week, with the company set to announce its biggest round of job cuts in five years.
Citing ‘people with knowledge of the company’s plans’, Bloomberg reported Tuesday that the cull may end up being the biggest in the Redmond, Wa.-based company’s history, topping the 5,800 jobs it cut in 2009, as the financial crisis took its toll on the economy. The company currently employs over 125,000 people.
It said the cuts would probably be concentrated in areas such as Nokia and the divisions of Microsoft that overlap with it, as well as in marketing and engineering. When Microsoft bought the mobile phone business of Finnish-based Nokia Oyj in September it had promised to find $600 million in annual cost savings within 18 months.
Chief executive Satya Nadella had skirted…
View original post 161 more words