Microsoft to Lay Off 14 Percent of its Workforce

Today, Microsoft's CEO Satya Nadella wrote a letter to all company employees that indicates the corporation is preparing to lay off 18,000 employees. (The New York Times reports that this makes up about 14 percent of Microsoft's global workforce.) These layoffs will be the biggest and most severe in Microsoft's history.

The layoffs are set to occur in the next year, and will hit Microsoft's newly-acquired Nokia branch the hardest. Nokia, which was purchased by Microsoft in April for $7.1 billion, will lose 12,500 jobs as Microsoft attempts to merge the two companies.

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