Microsoft to Lay Off 18,000
Microsoft this week announced the largest layoff in company history, announcing its intention to lay off 18,000 employees.
A large percentage of the layoffs will come in the Nokia Devices and Services division, while the company also announced that it is dropped Xbox Entertainment Studios.
"The first step to building the right organization for our ambitions is to realign our workforce. With this in mind, we will begin to reduce the size of our overall workforce by up to 18,000 jobs in the next year," CEO Satya Nadella wrote in a memo to employees.