Friday, July 29, 2016

Microsoft will lay off over 2,850 workers – Daily News – Lisbon

Company explains dismissal will happen to from now one, the need for better management of human resources

Microsoft today announced that it will lay off over 2,850 people worldwide, a number that is added to the 1,850 workers who said in May that it would lay off and which belong to his unit mobile telecommunications.

the dismissal of about 2,850 workers who will perform worldwide by the end of the next fiscal year ending in June 2017 is explained by the technological giant in a statement sent to the Commission of the US Stock Exchange (US SEC) by need for better management of human resources.

“This measure will allow complement and reinforce the cut in personal mobile telecommunications unit already announced last May”, he says.

” in the fourth quarter of the 2016 fiscal year, the management team has approved restructuring plans that translate into jobs cuts, mainly in the business of smartphones and global sales division, “explains further.

the total number of jobs that will be eliminated with Microsoft restructuring plans is 4,700 people, about 4.1% of all multinational workers in the year ending June 30 this year, which was 114,000 employees.

The multinational, to meet the restructuring plans, committed a sum of 501 million dollars (594 million euros) in fiscal year 2016, including money for compensation of expenses and other reorganization costs.

Microsoft does not expect to affect new funds to restructuring plans in the coming years.

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