Microsoft confirms layoff reports, reorganization expected to impact thousands
After a week of reports, Microsoft has confirmed its restructuring plans. As we previously reported, the moves are expected to impact thousands at the company as it works to reorganize its sales team. Subsequent numbers have put the headcount at anywhere between “up to 3,000” to closer to 5,000. CNBC, which reported the smaller figure, adds that around three-quarters of the cuts… Read More Continue reading Microsoft confirms layoff reports, reorganization expected to impact thousands
Sources are telling TechCrunch that Cisco is planning a significant cost reduction this week, which could involve budget cuts and layoffs. We’ve been hearing that the reductions will be announced on August 17th or 18th and that they will be a part of a push to cut costs by 15 percent, with managers given some flexibility around how they implement this. “A cost reduction of 15%…