Microsoft CEO Satya Nadella is swinging the axe again at the software giant. 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. 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. The new job cuts and restructuring will also mean a $7.6 billion writedown for the company, a one-time charge that many have been expecting. Steve Ballmer’s purchase of Nokia was one of his most criticized deals. Analysts attacked the former Microsoft CEO for hampering the firm with an aging legacy business. FULL REPORT