Toyota in "production engineering" for a solid state battery, WSJ says
Galaxy Note 8 release date: Samsung's 'Unpacked' event confirmed for August 23
Maryam Mirzakhani, First Woman To Win Math's Highest Honor, Dies At 40
Microsoft eyes buffer zone in TV airwaves for rural internet
Elon Musk Tweets Photos Of New Tesla Model 3, Production Underway
Microsoft confirms layoffs, reportedly impacting 3000 positions globally, mostly in sales
07 July 2017, 12:44 | Candice Butler
Jessica Lyons Hardcastle
The latest round of cuts comes after Microsoft last July cut 2,850 employees from its smartphone hardware business and global sales division. "This can result in increased investment in some places and, from time-to-time, re-deployment in others", a Microsoft spokesperson told CNBC.
Microsoft has 121,000 employees worldwide, a lot of them in the U.S. The company has a small sales office in Portland's Pearl District and makes its Surface Hub giant-screen computer in Wilsonville. Most of the jobs cut at the time were related to Nokia.
Since taking over as chief executive in 2014, Satya Nadella has sharpened the company's focus on its cloud computing unit to counter a prolonged slowdown in the PC market. Approximately 3,000 people could be laid off as part of the reorganization, largely in sales.
The company is now concentrating on selling recurring subscriptions for software accessible on multiple devices, a rapidly growing trend known as 'cloud computing'.
However, Microsoft is still lagging a long way behind Amazon Web Services in the sector.
Tweed shooting: Police fear gang paybacks As inquiries continue, police are urging any witnesses, or anyone with information to contact Crime Stoppers on 1800 333 000. The 31-year-old was immediately treated by doctors, but died soon after.
The natural reaction to this type of announcement is that Microsoft is struggling and that these cuts are a sign of Nadella reducing costs to keep the company in the black.
"From large multi-nationals to small and medium businesses to non-profits all over the world, organizations are using Microsoft's cloud platforms to power their digital transformation".
Given the size of the Microsoft work force - the company has 71,000 US -based employees and 121,000 employees internationally - these layoffs represent a comparatively small move.
Representatives from Microsoft confirmed the contents of the memo, and said in a statement that the company notified employees of the restructuring earlier this week. When asked about cuts during a conference call, Microsoft President Brad Smith had no comment on Thursday.
BJP leaders welcome GST, praise Modi government
The biggest ever tax reform GST is expected to rewrite the rules of business, while reducing the burden on the common man. President Pranab Mukherjee also termed the launch of Goods and Services Tax (GST) to be historic.
WTI, Brent crude oil futures settle higher
Brent crude futures, the worldwide benchmark for oil prices , gained 82 cents, or 1.79 percent, to settle at $46.65 per barrel. The raises are suggesting that the market is somewhat looking optimistic so far this week after last month's losses.
Ad group WPP is still working to resolve Petya attack
EternalBlue was in a batch of hacking tools leaked earlier this year that are believed to have belonged to the U.S. Prime Minister Volodymyr Groysman said the attack was "unprecedented" but "vital systems haven't been affected".
Fireworks at Hersheypark spark brush fire
Hersheypark apologized for the cancellation, and the town thanked its fire department for containing the fire so quickly. The department has been looking for violations since Saturday and had three two-officer teams working Tuesday night.