Microsoft Confirms Thousands of Job Cuts as Company Restructures
Last week we reported Microsoft’s (NASDAQ: MSFT) plan to reorganize the company to refocus its efforts on its growing cloud business. The announcement was made to Microsoft staff in an internal memo last week, but the memo did not include any mention of staffing changes, which had been rumored by news outlets including Bloomberg the previous week. Microsoft has now confirmed that thousands of employees will be laid off, reports TechCrunch.The restructuring plan will divide Microsoft’s customer base into two segments: enterprise customers and small, medium and corporate (SMC) customers.
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