Microsoft Corp (MSFT.O) said on Wednesday it cut about 3,000 jobs, effectively completing its plan to reduce its workforce by 18,000, or 14 percent of total staff, announced in July.
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A former Microsoft Corp (MSFT.O) employee was sentenced to two years in prison on Friday for his part in an insider trading scheme that netted him and his partner more than $400,000.
Microsoft Chief Executive Officer Satya Nadella kicked off one of the largest layoffs in tech history on Thursday, hoping to reshape the aging PC industry titan into a nimbler rival to Apple and Google, and jolt a culture at the company that is used to protecting its existing Windows and Office franchises.
The lead money manager for Microsoft Corp co-founder Paul Allen is leaving his post this week, marking the latest in a round of high-level departures at the Seattle billionaire's Vulcan Inc organization, which handles his $16 billion fortune.
Microsoft Corp said on Thursday Steve Luczo stepped down from its board of directors so he can focus on his job as chief executive of digital storage company Seagate Technology Plc.
Microsoft Corp Chief Executive Satya Nadella may unveil an iPad version of the company's Office software suite on March 27, a source familiar with the event told Reuters, and use his first big press appearance to launch the company's most profitable product in a version compatible with Apple Inc's popular tablet.
Microsoft Corp's Windows 8 system has racked up more than 200 million license sales since its launch 15 months ago, according to Tami Reller, its head of marketing, lagging Windows 7 which sold 240 million within its first year.
Microsoft Corp is betting a mix of old and young blood will revive the aging technology pioneer, but new Chief Executive Officer Satya Nadella may find it tough to push change with co-founder Bill Gates and former CEO Steve Ballmer breathing down his neck.
As Microsoft Corp prepares to unveil insider Satya Nadella as its new chief executive, investors and analysts are weighing how effective the 22-year veteran will be in re-igniting the company's mobile ambitions and satisfying Wall Street's hunger for cash.
Microsoft Corp is likely to appoint its cloud-computing head, Satya Nadella, as its next chief executive, a source familiar with the matter said on Thursday, as the board concludes a five-month search for a tech-savvy heavy-hitter to lead the world's largest software company.
Microsoft Corp posted a bigger-than-expected quarterly profit on Thursday, boosted by strong sales of its software and services for businesses, a solid holiday season for its new Xbox game console and Surface tablets, and a slightly lower tax bill.
The board member leading Microsoft Corp's search for a new chief executive said on Tuesday he expects an appointment to be made early next year, the first time the board has been so specific on timing.
The next CEO of Microsoft Corp has one big decision to make: press on with retiring chief executive Steve Ballmer's ambitious plan to transform the software giant into a broad-based devices and services company, or jettison that idea and rally resources around its proven strength in business software.
Network equipment maker Cisco Systems Inc is cutting 4,000 jobs, or 5 percent of its workforce, as it makes a fresh attempt to reduce costs and refocus on growth areas in the face of uncertain demand for its networking equipment.
Microsoft Corp's quarterly profit fell a greater-than-expected 22 percent, as sales of computers running its Windows operating system dipped and some revenue was deferred ahead of upcoming releases of its core Windows and Office products.
