Microsoft is expected to announce 6,000 job cuts today, but the results are already being felt before the pronouncement. The company’s share are now the highest they have been in a decade.

The past few weeks have been rather good for the software titan.

In fact, the stock has been steadily climbing ever since former CEO Steve Ballmer left, and Satya Nadella took over the reins. And even though the new leader has outlined a few policies, it will be a while before they bring in the results.

But the news of layoffs is pleasing enough for most investors — provided the company is profitable. It shows that the company in question is streamlining operations and reducing unnecessary expenditures.

And Microsoft, with its total of 127,104 employees, is already one of the largest companies in the world in terms of workforce. More than 25,000 of these arrived after the Nokia acquisition was finalized, and this resulted in overlapping roles for Redmond.

Loss of jobs are never a cause of merriment, but there are times when bitter pills have to be swallowed.

Nevertheless, this is showing in the stock prices, with the market closing at $44.08 yesterday, which is quite an improvement from the middling 30s that Microsoft shares traded at this time last year.

Be interesting to see where they are after July 22, when the company announces its quarterly earnings.

About the Author
Related Posts

What would you say to a consumer version of Microsoft 365? One that could include Windows...

Brace for impact! It looks like Microsoft may have had enough of the Edge adventure, as a...

Looks like Microsoft is aiming big! The company is said to be working on Windows Lite, an...

  • Elaine1

    Great news. Now, Redmond just needs to ensure that the cuts coming in don’t make the stock price drop. There’s no doubt Microsoft is making a comeback to try and get back to #1. They’re in a good spot right now.

  • Ray C

    They probably needed cuts before the Nokia deal