Most of the job cuts will be in the phone hardware business, underscoring the company’s shift in focus to software and cloud from hardware. About a third of the layoffs will be in Finland, where Microsoft will shut down a product development unit, according to Finland’s national broadcaster YLE. This is the second round of job cuts since Satya Nadella took over as chief executive in February 2014.
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U.S. stocks traded sharply lower on Wednesday as continued concerns about Greece and the extended selloff in the Chinese market pressured investor sentiment.
U.S. stocks traded sharply lower on Wednesday as continued concerns about Greece and the extended selloff in the Chinese market pressured investor sentiment.
Greece promised to implement pension and tax reforms as early as next week as the first step to securing a three-year rescue loan to cover debt obligations.
Greece promised to implement pension and tax reforms as early as next week as the first step to securing a three-year rescue loan to cover debt obligations.
Microsoft announced plans Wednesday to restructure the company’s phone hardware business and to cut up to 7,800 positions.
Major shareholders of top Chinese banks including ICBC, and companies including Sinopec, have pledged to either maintain their holdings or increase their stakes in the listed firms to try and support China’s …
United Airlines is resuming flights after a computer fault halted all U.S. departures for about two hours, disrupting travel for thousands of passengers in the second such setback since early June. The U.S. Federal Aviation Administration disclosed the end of the grounding in a statement Wednesday after saying “automation issues” had forced a temporary suspension of U.S. takeoffs.
Microsoft announced plans Wednesday to restructure the company’s phone hardware business and to cut up to 7,800 positions.
