Microsoft to lay off up to 7,800
NEW YORK (CNNMoney) — Microsoft CEO Satya Nadella is swinging the axe again at the software giant.
Up to 7,800 people will be laid off, the company announced Wednesday morning. Most of the jobs are within its smartphone hardware business.
This is Nadella’s second major restructuring at the company. In 2014, he announced 18,000 layoffs in Nokia’s devices and services business, following Microsoft’s acquisition of the handset maker.
The company had 118,600 employees as of March 30, with about 60,000 of those workers in the United States. The cuts represents about 7% of those employees, compared to the 14% cut announced a year ago.
By Hope King
Chris Isidore contributed to this article.