Microsoft to cut 18, 000 jobs next year

(AGI) New York, July 17 - Microsoft has announced that nextyear it will cut 18,000 jobs or 14 percent of its workforcearound the world. A sizable number of the cuts will come in theNokia devices and services that Microsoft recently acquired.The Redmond-based company will execute a vast restructuringplan that will cost between USD 1.1 billion to USD 1.6 billionjust in payments to employees being laid off. . .