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Microsoft Lays Off 2,100, Axes Silicon Valley Research

Posted by ryuzaki0 on from the end-of-the-line dept.

walterbyrd writes with news of Microsoft layoffs. Microsoft Corp will close its Silicon Valley research-and-development operation as part of 2,100 layoffs announced on Thursday, as it moves toward its new CEO's goal of cutting 18,000 staff, or about 14 percent of its workforce. News of the closure of the Microsoft Research lab at the company's campus in Mountain View, California, was first made public on Twitter by employees. The company later confirmed the move and said it would involve the loss of 50 jobs.

1 of 109 comments (clear)

  1. No more cash in the bank? by suso · · Score: 4, Funny

    Back around 2000 when Microsoft had something like $100 billion in the bank I said that with that kind of money, they could afford to make no income and still pay their 40,000 or so employees at the time for the next 13 years. I wasn't serious though.