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Microsoft To Cut 18,000 Jobs

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By KMVT News

(CNN) - Microsoft announced the largest layoff in its history Thursday.
CEO Satya Nadella says a total of 18,000 jobs will be cut within the next year.

That's about 14-percent of its 125,000 employees.

Nadella who took over for Steve Ballmer in February said Microsoft is in need of a "culture change."

Most of those affected will come from Nokia's devices and services business -- which Microsoft recently bought.


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