Advertisement
UK markets close in 6 hours 42 minutes
  • FTSE 100

    8,344.15
    +30.48 (+0.37%)
     
  • FTSE 250

    20,439.28
    +26.20 (+0.13%)
     
  • AIM

    778.32
    +1.90 (+0.24%)
     
  • GBP/EUR

    1.1611
    -0.0013 (-0.11%)
     
  • GBP/USD

    1.2476
    -0.0034 (-0.27%)
     
  • Bitcoin GBP

    49,842.45
    -1,205.87 (-2.36%)
     
  • CMC Crypto 200

    1,291.19
    -3.48 (-0.27%)
     
  • S&P 500

    5,187.70
    +6.96 (+0.13%)
     
  • DOW

    38,884.26
    +31.99 (+0.08%)
     
  • CRUDE OIL

    77.36
    -1.02 (-1.30%)
     
  • GOLD FUTURES

    2,314.80
    -9.40 (-0.40%)
     
  • NIKKEI 225

    38,202.37
    -632.73 (-1.63%)
     
  • HANG SENG

    18,313.86
    -165.51 (-0.90%)
     
  • DAX

    18,533.49
    +103.44 (+0.56%)
     
  • CAC 40

    8,139.66
    +63.98 (+0.79%)
     

Microsoft UK closures put 220 jobs at risk in London

Microsoft (Euronext: MSF.NX - news) is closing some offices in London, including the headquarters of Skype, putting 220 jobs at risk.

Skype was launched in the capital in 2003 and bought by Microsoft for $8.5bn (£6.5bn) in 2011.

The US tech giant said it was consolidating its offices in the capital at a new base at Paddington.

It said it had reviewed some London-based roles and "made the decision to unify some engineering positions".

Microsoft said this potentially put at risk a number of "globally focused" jobs at Skype as well as corporate social network business Yammer.

"We are deeply committed to doing everything we can to help those impacted through this process," the company said.

ADVERTISEMENT

Microsoft said it was starting a consultation and would offer new opportunities where possible.

The US firm said in July that is was cutting 2,850 jobs, mainly affecting its troubled smartphone business, adding to 9,000 cuts over the previous year.