Overnight Tech: Trump aims to return US astronauts to the moon | FTC, FCC to team up on policing internet | Activists plan protest outside net neutrality vote | Apple to buy Shazam
Microsoft to cut thousands of jobs
Microsoft is set to cut thousands of jobs, primarily in sales, said a source familiar with the matter on Thursday.
A spokesperson for the Seattle-based firm said most of the job losses would be outside the U.S. The job cuts were first reported by CNBC.
The staff reductions come despite recent successes from the company, including significant growth in its cloud computing products.
A Microsoft spokesperson said the goal of the cuts is to simplify its sales operation and allow the company to restructure as its business moves toward cloud services instead of reducing costs.
"Microsoft is implementing changes to better serve our customers and partners," the spokesperson told The Hill.
"Today, we are taking steps to notify some employees that their jobs are under consideration or that their positions will be eliminated. 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, redeployment in others."
The company has a total of 121,000 employees around the globe, including 71,000 in the U.S.
This story was updated at 2:56 p.m.