Microsoft cutting about 1,000 jobs: CNBC
Get Alerts MSFT Hot Sheet
Join SI Premium – FREE
(Reuters) - Microsoft Corp (NASDAQ: MSFT) is cutting about 1,000 jobs in a new round of layoffs, CNBC said in tweet on Thursday.
CNBC said the new cuts would be in addition to those announced earlier.
Microsoft could not be immediately reached for comment.
The company said in July it would cut 7,800 jobs, or nearly 7 percent of its workforce, and write down about $7.6 billion related to its Nokia phone business.
Microsoft earlier on Thursday reported better-than-expected quarterly adjusted revenue for the ninth quarter in a row, boosted by burgeoning demand for its cloud products.
(Reporting by Devika Krishna Kumar in Bengaluru; Editing by Savio D'Souza)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Active options: MSFT WULF PLTR NOK AMD GOOGL IBM META CMG SMCI HOOD AVGO
- Talk of a bubble is 'blasphemy against AI' says SoftBank's Son
- Australia's central bank still has work to do to reduce inflation, deputy governor says
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share