Microsoft to cut up to 18,000 jobs over next year

Microsoft to cut up to 18,000 jobs over next year:
"Microsoft confirmed it will cut up to 18,000 jobs over the next year, part of the tech titan's efforts to streamline its business under new CEO Satya Nadella.
In a statement released Thursday, Microsoft says about 12,500 of the professional and factory positions will be cut as part of its $7 billion acquisition of Nokia's handset business, which the company closed in April.
"My promise to you is that we will go through this process in the most thoughtful and transparent way possible," said Nadella in a memo to employees."