America’s Microsoft is carrying out a massive layoff. Confirmed by the company’s representatives, the downsizing is caused by the need of reorganization. According to the source, the changes will largely affect those responsible for Microsoft’s physical software sales outside the U.S. The company began preparing its employees for possible layoff some time ago, by sending the information letters that the position they are currently at is under consideration. However, until now the amount of downsized employees remains unknown.
Over the past couple days, Microsoft shares dropped by 1,1% and continue dropping on the news. The trade will be available during American session from 14:40 to 21:00 GMT.
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