Microsoft (MSFT) Plans to Cut up to 7,800 Positions; Sees $7.6B Impairment

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Go back to Microsoft (MSFT) Plans to Cut up to 7,800 Positions; Sees $7.6B Impairment

UBS Raises Price Target on Microsoft (MSFT) Ahead of Windows 10 Release

July 10, 2015 9:35 AM EDT

UBS reiterates a Buy rating on Microsoft (NASDAQ: MSFT), and raises the price target to $52.00 (from $50.00), ahead of Windows 10 release. Analyst Brent Thill says that, with six years now separating this OS from the Windows 7 release, he feels MSFT can afford another "lackluster" adoption cycle. Windows 10 is scheduled to... More

Microsoft (MSFT) Cuts 7.8 Thousand Jobs, Takes $7.6B Impairment

July 8, 2015 9:07 AM EDT

Microsoft Corp. today announced plans to restructure the company's phone hardware business to better focus and align resources. Microsoft also announced the reduction of up to 7,800 positions, primarily in the phone business. As a result, the company will record an impairment charge of approximately $7.6 billion related to assets associated with the acquisition of the Nokia Devices and Services (NDS) business in addition to a restructuring charge of approximately $750 million to $850 million.

Today's announcement follows... More

Microsoft (MSFT) Said Planning Fresh Round of Job Cuts

July 8, 2015 7:27 AM EDT

As Windows 10 gets set to roll out, Microsoft (Nasdaq: MSFT) is looking to trim a little more fat around the edges.

According to the... More