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. (AGI).

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. (AGI).