‘Monumental mistake’ by former CEO Steve Ballmer comes home to roost Microsoft today wrote off billions of dollars related to its Nokia acquisition, saying it’s taking an “impairment charge” of $7.6 billion, or nearly the full amount it paid for the Finnish firm’s smartphone business and patents last year. The announcement slapped the failure sticker […]
As had been rumored earlier this week, Microsoft lopped off a second set of jobs Thursday, cutting 2,100 positions, as part of a restructuring plan announced two months ago to eliminate 18,000 positions, or about 14 percent of the company’s workforce. “The reductions happening today are spread across many different business units, and many different […]
Long periods of uncertainty about who goes, who stays, can corrode a company’s morale Microsoft yesterday said it could take as long as a year to lay off the 18,000 workers who will be eventually shown the door, making for a long, drawn-out morale-busting process that was criticized by both labor experts and industry analysts. […]
