Microsoft Adds To Tech Headcount Carnage With Plan To Cut 10,000 Jobs Worldwide

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The Street

By Martin Baccardax “We’re living through times of significant change (with) organizations in every industry and geography exercising caution,” said CEO Satya Nadella. Microsoft (MSFT) – Get Free Report shares slumped lower Wednesday after the cloud and tech giant said it would slash around 5% of its global workforce, and take a $1.2 billion charge against its second quarter earnings, as it looks to ‘align costs’ with customer demand. Microsoft said the cuts, which it expects to conclude in March, will result in the loss of around 10,000 jobs and a 12 cent hit to December quarter earnings, but…

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