Microsoft cuts 18,000 jobs


Microsoft is to cut up to 18-thousand jobs, marking the deepest cuts in the technology firm’s 39-year history.

The bulk of the cuts, around 12-thousand-500, will be in its phone unit Nokia, which Microsoft bought in April.

Microsoft pledged to cut 600-million dollars per year in costs within 18 months of closing the acquisition.

The cuts are much more severe than the 6-thousand initially expected.

The firm employs 127-thousand people globally, including 3-thousand-500 staff in the UK.

Microsoft declined to say how many jobs in the UK would be cut as a result of the changes.