In deepest cuts ever, Microsoft to slash 18,000 jobs
July 18 , 2014
Microsoft will slash 18,000 jobs as it tries to integrate the Nokia phone business, which it recently acquired for $7.2bn.
This will represent the deepest cuts to the technology giant’s workforce in its history. Most of the job losses, which will take place over the next year, are expected to be from the Nokia unit.
In an open letter Microsoft’s chief executive Satya Nadella promised to "go through this process in the most thoughtful and transparent way possible.”