04.08.2014 - Microsoft employees are protesting against job cuts
About a hundred workers of Microsoft, which includes the Department of Nokia, came out to protest against the reduction of 4700 jobs in the company. According to sources, the company planned to lay off about 5000 people at the factory for the production of mobile phones and R&D center in Beijing and leave the workplace, for only about 300 workers. In addition, when cutting jobs, Chinese workers require the same compensation as for Taiwanese workers.
We recall that in the last month, Microsoft announced plans to cut about 18000 workers worldwide, most of who had previously worked at Nokia. We are positive about the program of cost-cutting and predict continued growth in the stock price of the company in the long term, but do not exclude a substantial correction in the near future.