Okay, that's not entirely fair. But it does raise some serious questions when Microsoft is simultaneously a) laying off 7 percent of its workforce while b) lobbying hard for more H1B visas to permit it to import more foreign workers.
Up to 7,800 people will be laid off globally, the company announced Wednesday morning. Most of the jobs are within its smartphone hardware business. Microsoft (MSFT, Tech30) had 118,600 employees as of March 30, with about 60,000 of those workers in the United States. The cuts represents about 7% of its staff.Of course, I don't think anyone is even remotely surprised that the Nokia acquisition didn't work out well.
This is Nadella's second major restructuring. He announced 18,000 layoffs in Nokia's devices and services business last year, following Microsoft (MSFT, Tech30)'s acquisition of the handset maker.