Microsoft to cut 18,000 jobs

Microsoft says it will cut up to 18,000 jobs over the next year as it works on integrating the Nokia devices business it bought in April.

Microsoft to cut 18,000 jobs

Microsoft says it will cut up to 18,000 jobs over the next year as it works on integrating the Nokia devices business it bought in April.

With the Nokia deal, Microsoft’s employee headcount rose from about 99,000 last year to 127,000 as of last month.

Updated 15.15

Microsoft said about 12,500 professional and factory jobs will be cut and it is likely more than 12,000 of the job cuts will be former Nokia staff.

It anticipates charges of $1.1bn (€813m) to $1.6bn (€1.18bn) over the next four quarters, which includes $750m (€553m) to $800m (€590m) for severance and related benefit costs.

Microsoft employs more than 1,200 full-time and 700 contract staff at its plant in Sandyford and Grangecastle, Dublin.

No announcement has been made on exactly where the cuts will be made.

more courts articles

Former DUP leader Jeffrey Donaldson arrives at court to face sex charges Former DUP leader Jeffrey Donaldson arrives at court to face sex charges
Case against Jeffrey Donaldson to be heard in court Case against Jeffrey Donaldson to be heard in court
Defendant in Cobh murder case further remanded in custody Defendant in Cobh murder case further remanded in custody

More in this section

The European Central Bank skyscraper in the city of  Frankfurt Main, Germany ECB firmly behind June rate cut but views diverge on July
Tesla cancels its long-promised inexpensive car Tesla cancels its long-promised inexpensive car
Net zero Profits plummet at battery-maker LG Energy amid EV slowdown
IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
ie logo
Puzzles Logo

Play digital puzzles like crosswords, sudoku and a variety of word games including the popular Word Wheel

Lunchtime News
Newsletter

Keep up with the stories of the day with our lunchtime news wrap.

Sign up
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited