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With stock soaring, Microsoft quietly cuts 1,000 employees

microsoft12121Microsoft posted strong financial results on Thursday, sending shares of the corporate up 10 percent in buying and selling at the moment, a part of an ongoing resurgence below CEO Satya Nadella.

However it’s not all excellent news on the Redmond campus. The corporate laid off about 1,000 employees this week, a part of of an ongoing restructuring.

“The job reductions have been unfold throughout multiple enterprise space and nation and replicate diversifications to enterprise wants. We undergo this course of in essentially the most considerate method doable, with the deepest respect for affected people,” the corporate stated in an announcement emailed to GeekWire.

The information was first reported by The New York Instances.

Apparently, the layoffs come after Microsoft stated in April that the job cuts have been largely over.

“We anticipate this to be the final of the anticipated broad cuts as a part of the restructuring plan introduced final July,” the corporate noted at the time.

As a part of the restructuring effort announced by Microsoft last year, the corporate stated it deliberate to put off about 18,000 employees. A lot of these cuts have been related to Microsoft’s acquisition of Nokia.

On Thursday, the corporate reported $21.66 billion in income for its first fiscal quarter, down 7 % for the quarter, after adjusting for the deferral of income associated to the Home windows 10 launch. Analysts polled by Thomson Reuters have been anticipating the corporate to submit $20.98 billion in quarterly income.

Income have been $5.38 billion, down barely from the identical quarter a yr in the past.

Right here’s a take a look at the worldwide headcount at Microsoft, Google and Amazon.
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