Microsoft To Lay Off Up To 18,000 Workers Over Next Year

[DeeDee]

And here I thought the government told us the recession was over?

http://www.huffingtonpost.com/2014/07/17/microsoft-lay-offs_n_5594720.html

EDMOND, Wash. (AP) — Microsoft has announced the biggest layoffs in its history, saying it will cut up to 18,000 jobs or 14 percent of its staff as it works to cut down on management layers and integrate the Nokia cellphone business it bought in April.

The news sent Microsoft's stock up 3 percent in morning trading.

Although the job cuts had been expected, the extent of them was a surprise. It's the boldest move by CEO Satya Nadella since he took the reins from Steve Ballmer in February. In a public email to employees Thursday, he said the changes were needed for the company to "become more agile and move faster."

[Lola]

I read that most of the ones getting the axe, were the one that were Nokia employees.  18k... that is a LOT of people!