Why are Diageo, Rolls-Royce & Microsoft cutting jobs?

Diageo, Rolls-Royce and Microsoft are set to collectively cut up to 800 jobs.

Global drinks giant Diageo is preparing to axe up to 400 jobs at the company’s London headquarters; Rolls-Royce is to scrap up to 200 management jobs; and Microsoft plan to close the London office of its Skype subsidiary, with the potential loss of up to 220 jobs.