Microsoft Shares Lower

Microsoft dipped after additional details to a report by Puget Sound Business Journal last week about the company’s plans to reorganize included thousands of layoffs for the company worldwide, reports said. The restructuring is to reorganize its salesforce and is set to include an organizational merger that involves its enterprise customer unit and one or more of its SME-focused divisions, reports said. The changes reportedly are set to be announced this coming week.

The reorganization looks to be a result of a change of leadership this past year, TechCrunch said. Executives Judson Althoff and Jean-Philippe Courtois took charge of Microsoft’s sales and marketing divisions following the exit of long-serving COO Kevin Turner last summer.