After about a week of speculations, Microsoft has confirmed that there will be major reorganisation at the company, including thousands of layoffs, reports CNBC. The layoffs will be primarily is sales and amount to less than 10% of the company's total sales force, and about 75% of these will be jobs outside of the US. The report mentions that Microsoft hasn't attached a specific number to the layoffs. As of March 31, 2017, Microsoft had 121,567 employees worldwide, of which 71,594 were in the US. About 18.5% of the employees worldwide were engaged in sales or about 22,490. Given that the company has confirmed that less than 10% of the sales force will be laid off, it looks like there will about 2000 job cuts worldwide. The remaining members of Microsoft's sales teams are expected to focus on its cloud business Azure, which had registered a 93% increase in service revenue for the three months ended March 31, 2017. Azure's growth pushed up the revenue of the servers & cloud services business, which is under the Intelligent Cloud segment, by 15% for the three months period. Overall the Intelligent Cloud segment, which includes the servers & cloud services business and the enterprise services business, reported an 11% increase in revenue for the three months period to $6.76 billion, as compared to $6.09 billion for the same period last year. Last month, Microsoft and Box Inc. partnered to offer Box cloud content management with Azure to enterprise customers. This is expected to available later this…
- RBI increases UPI and recurring transaction limits for certain categories December 8, 2023
- The Quantum Hub discusses concerns on age verification and children’s data processing under India’s data protection law December 8, 2023
- India’s central bank to set up cloud facility for financial sector December 8, 2023
- Navigating the Complexities of Open Source AI: Insights from Carnegie India Summit December 8, 2023
- Supreme Court Dismisses Plea by Foundation for Media Professionals on Internet Shutdowns December 8, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.
Straw man fallacy: IT Ministers’ defence of government exemptions in data protection law misses the point
Both the IT Minister and the IT Minister of State have chosen to avoid the actual concerns raised, and have instead defended against lesser...
The Central Board of Film Certification found power outside the Cinematograph Act and came to be known as the Censor Board. Are OTT self-regulating...
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...