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More about Microsoft and Business
from MashableTodd Wasserman
Microsoft will cut 18,000 jobs this year in the biggest such reduction in its history, the company announced Thursday.
The cuts come after Microsoft integrated its $7 billion Nokia acquisition, which was completed last year. The cuts represent about 14,000 of Microsoft's overall workforce, which is around 127,000. About 12,500 of the reductions are expected to come from Nokia.
"We are moving now to start reducing the first 13,000 positions, and the vast majority of employees whose jobs will be eliminated will be notified over the next six months," CEO Satya Nadella wrote in a memo to employees Read more...
More about Microsoft and Business
from MashableTodd Wasserman
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