cloudy
Thursday May 28th, 2015 12:14PM

Microsoft to cut up to 18,000 jobs over next year

By The Associated Press
REDMOND, Wash. (AP) -- Microsoft is cutting up to 18,000 jobs, about 14 percent of its staff, over the next year as it works on integrating the Nokia devices business it bought in April and cut down on management layers.<br /> <br /> The news sent shares up 3 percent in premarket trading.<br /> <br /> It's the boldest move by CEO Satya Nadella since he took the reins from Steve Ballmer in February. In a public email to employees on Thursday, he said the changes were needed "become more agile and move faster."<br /> <br /> Of the 18,000 job cuts, about 12,500 professional and factory jobs will be cut. Microsoft expects charges of $1.1 billion to $1.6 billion over the next four quarters, which includes $750 million to $800 million for severance and related benefit costs.<br /> <br /> Microsoft has been shifting its focus from traditional PC software to cloud computing and cloud-based products like its Office 365 productivity software.<br /> <br /> In a blog posting a week ago, Nadella hinted at the move, saying Microsoft had to "change and evolve" its culture for the "mobile-first and cloud-first world."<br /> <br /> Nadella said Thursday he would give more details when Redmond, Wash.-based Microsoft reports fiscal 2014 results on Tuesday.<br /> <br /> Shares of Microsoft rose $1.35, or 3.1 percent, to $45.43 in premarket trading. The stock is up nearly 18 percent since the beginning of the year.
© Copyright 2015 AccessNorthGa.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Judge denies motions to move, delay Tsarnaev trial
Lawyers for Boston Marathon bombing suspect Dzhokhar Tsarnaev asked a federal appeals court Wednesday to overturn a judge's decision to not move his upcoming trial out of state.
10:02PM ( 4 months ago )
High court to adopt electronic filing of cases
The Supreme Court is belatedly developing an electronic filing system similar to those used in courts around the country, Chief Justice John Roberts said Wednesday in his annual end-of-year report.
7:57PM ( 4 months ago )
Storm brings snow, cold to West for New Year's
A blustery winter storm dumped snow and ice across the West on Wednesday, making driving treacherous in the mountains from California to the Rockies and forcing residents and party-goers in some usually sun-soaked cities to bundle up for a frosty New Year's.
5:19PM ( 4 months ago )
U.S. News
State DOT awards $48M contract for NE Ga. road project
The state Department of Transportation has awarded a $47.8 million contract for nine miles of work on a northeast Georgia road.
9:37AM ( 4 months ago )
Business News
US jobless aid applications rose last week; total still low
WASHINGTON (AP) — More Americans sought unemployment benefits last week, though the overall level remains low and points to a healthy job market.Weekly applications increased 7,000 to a seasonally adj...
8:57AM ( 3 hours ago )
NE Ga.'s jobless rate drops in April; Gainesville metro has lowest rate in state
The Georgia Department of Labor announced Thursday morning that the unemployment rate for Northeast Georgia dropped for the month of April, and once again, the Gainesville Metro posted the lowest jobless rate of any metro in the state of Georgia.
By AccessWDUN staff
5:31AM ( 6 hours ago )
New federal rules on stream protection hailed, criticized
New EPA rules designed to better protect small streams, tributaries, wetlands and drinking water are being criticized by Republicans and farm groups.
5:00AM ( 7 hours ago )
Homeowners clean up in Texas; death toll climbs to 21
HOUSTON (AP) — Homeowners dragged soggy carpet to the curb and mopped up coffee-colored muck Wednesday after a barrage of storms and floods in Texas and Oklahoma left at least 21 people dead and 11 ot...
11:09PM ( 13 hours ago )
Gainesville police: Alleged sexual assailant in custody
A Lithia Springs man is in custody for reportedly sexually assaulting a Gainesville woman.
4:50PM ( 19 hours ago )