Microsoft to Cut 700 Jobs by this Week

According to Business Insider, Microsoft is expected to conduct another round of layoff this week and planning on cutting 700 jobs.

microsoft

The cuts reportedly will not be concentrated in one particular area. It is a part of an effort to update skills across the company.

Microsoft reportedly had more than 114,000 employees with more than 1,000 open positions ready to fill, In June last year.

The layoff is a part of Microsoft’s previously announced plan to cut 2,850 jobs by June 2017 – which is the end of Microsoft’s 2017 fiscal year.

Last September, it shut down Skype’s London offices. They said it had “made the decision to unify some engineering positions, potentially putting at risk a number of globally focused Skype and Yammer roles.”

“We are deeply committed to doing everything we can to help those impacted through the process.”

Skype was acquired by Microsoft in 2011 for $8.5bn.

Russ Shaw, founder of industry group Tech London Advocates and previously vice-president of Skype Emea told, “This is disappointing. Skype is one of Europe’s iconic technology businesses and a genuine ‘unicorn’ with an amazing pedigree of innovation and talent. While London is working hard to build a strong base of world-class technology businesses, this decision is a step in the wrong direction.”

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