You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

Business

  • 2 firms to expand, add jobs
    A pair of companies will look to improve their operations with an investment of nearly $3 million combined, according to tax abatement ­requests filed last week with the city.
  • UPS boostsnumber ofholiday jobs
    DALLAS – UPS plans to hire up to 95,000 workers to help deliver packages during the busy holiday season – an increase from last year, when the company was caught unprepared for a boom in online shopping.
  • Voss opens its new headquarters
    A new North American headquarters has opened in Fort Wayne.Voss Automotive and state officials on Tuesday held a ribbon-cutting ceremony for the company’s new $7.
Advertisement
AP
This July 3, 2014 photo shows Microsoft Corp. signage outside the Microsoft Visitor Center in Redmond, Wash. Microsoft on Thursday, July 17, 2014 announced it will lay off up to 18,000 workers over the next year.

Microsoft to cut up to 18,000 jobs over next year

REDMOND, Wash. (AP) — Microsoft says it will eliminate up to 18,000 jobs over the next year as it works on integrating the Nokia devices business it bought in April.

With the Nokia deal, Microsoft's employee headcount rose from about 99,000 last year to 127,000 as of last month.

Microsoft Corp. said Thursday that of the up to 18,000 jobs, about 12,500 professional and factory jobs will be cut. It anticipates charges of $1.1 billion to $1.6 billion over the next four quarters, which includes $750 million to $800 million for severance and related benefit costs.

Microsoft's stock rose slightly in Thursday premarket trading.

Advertisement