Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
RSS

News

Microsoft to cut 3,000 jobs to boost cloud growth

Author: IANS/Friday, July 7, 2017/Categories: Technology

Microsoft to cut 3,000 jobs to boost cloud growth

San Francisco (IANS) - In a move to focus on the growing cloud business, Microsoft on July 6 announced a major reorganisation that will lead to nearly 3,000 job cuts in sales staff outside the US, media reported. According to a CNBC report, the job cuts amount to less that 10% of the company's total sales force.

Whether it will impact Microsoft workers in India is still not clear. "Microsoft is implementing changes to better serve our customers and partners. Today, we are taking steps to notify some employees that their jobs are under consideration or that their positions will be eliminated," a Microsoft spokesperson told CNBC.

"Like all companies, we evaluate our business on a regular basis. This can result in increased investment in some places and, from time-to-time, re-deployment in others," he added. According to The Verge, Microsoft's cloud and server businesses have been fuelling revenue recently, with server products and cloud services revenue up 15% and Azure revenue itself growing by 93% in the recent quarter.

US-based analyst house Pacific Crest Securities said last month that Microsoft Azure Cloud platform could overtake Amazon Web Services (AWS) as revenue leader in the public cloud market this year. TechCrunch reported last week that Microsoft is planning to lay off "thousands" of workers worldwide. Last year in July, Microsoft announced it would cut 2,850 jobs.

Microsoft has 71,000 employees in the US and 121,000 employees around the globe. 

Print Rate this article:
No rating

Number of views (232)/Comments (0)

S Vijaykrishnan
S Vijaykrishnan

IANS

Other posts by IANS
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free