Microsoft plans to cut ‘thousands’ of jobs: source
WASHINGTON: Microsoft plans to cut "thousands" of jobs, with a majority of them outside the United States, a person familiar with the matter told Reuters.
Reuters reported on Monday that Microsoft would undergo a reorganization that would impact its sales and marketing teams as the company doubles down on its fast-growing cloud business.
Microsoft's shares were down 0.7 percent at $68.63 on Thursday.
The Redmond, Washington-based company employed about 120,000 people globally as of March 31, with sales and marketing…