Geekwire: Analyst predicts 5-10% job cuts at Microsoft

Geekwire: Analyst predicts 5-10% job cuts at Microsoft

Credit: KING 5

Geekwire: Analyst predicts 5-10% job cuts at Microsoft

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by TODD BISHOP / GEEKWIRE

kgw.com

Posted on July 11, 2014 at 12:02 PM

Microsoft CEO Satya Nadella hinted at the possibility of job cuts in his memo to employees Thursday, and one longtime analyst, Nomura’s Rick Sherlund, is now predicting that the company will reduce its headcount by something in the range of 5 percent to 10 percent.

As outlined by Sherlund in a note to clients this morning, those cutbacks would include reductions related to Microsoft’s acquisition of Nokia’s devices and services business. The company has said it will cut $600 million in annual costs for 18 months after the deal closes to address areas where the two companies overlap.

Read more at Geekwire.com.

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