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Microsoft Corporation (MSFT) Reportedly Set to Slash 700 Jobs

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Microsoft Corporation (MSFT) Reportedly Set to Slash 700 Jobs

Microsoft Corporation (MSFT) Reportedly Set to Slash 700 Jobs

– Published By: Ken Bock on January 21, 2017 05:13 pm ESTDuring its earnings call on January 26, Microsoft Corporation (NASDAQ:MSFT) announced it would begin slashing up to 2850 employees.In the first wave of job cuts, the Redmond-based company is set to lay off around 700 employees later this month.According to various reports, the reason behind the job cuts by Microsoft is not to reduce costs, but to update the skill sets available at the disposal of the company.
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Microsoft Corporation (MSFT) Steps on Amazon and Google’s Turf

Microsoft Corporation (MSFT) Steps on Amazon and Google's Turf

– Microsoft Corporation (NASDAQ: MSFT ) has been on a bit of a tear of late, aggressively pushing into territory dominated by rivals.With the Surface Book and Surface Studio, it stole some of Apple Inc.’s (NASDAQ: AAPL ) design thunder.Now reports have MSFT preparing to launch its own eBook store, competing with Amazon.com, Inc. (NASDAQ: AMZN ).
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