Microsoft's chief executive warned the company's employees on Wednesday that 10,000 layoffs are coming.
By Paul Godfrey
Microsoft’s chief executive warned the company’s employees on Wednesday that 10,000 layoffs are coming by the end of third quarter.
Satya Nadella made the announcement in blog post on the company’s website, saying some employees would given their notice Wednesday.
Nadella blamed the decision on the need to align Microsoft’s cost structure with its revenue and where it sees customer demand, but stressed the cuts represent only 5% of the company’s 200,000-strong workforce.