Microsoft (NASDAQ: MSFT) Thursday morning announced a restructuring plan in which it will seek to simplify its operations and integrate the newly-acquired Nokia Devices and Services with the company's overall strategy.
As a result of the plan, up to 18,000 jobs could be eliminated over the course of a year. About 12,500 of these eliminations are said to be due to synergies.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Pre-tax charges related to these cuts are expected to be in the range of $1.1 billion to $1.6 billion over the next four quarters. These charges will include severance and related benefit costs in the range of $750 to $800 million and $350 to $800 million of asset related charges.
Shares of Microsoft are up 3.6 percent following the announcement.