Microsoft announces thousands of job cuts

Microsoft announced Wednesday it will lay off 7,800 people, primarily around the Nokia business. The company also plans to write off $7.6 billion related to the Nokia acquisition. Microsoft (Nasdaq: MSFT) paid $7.2 billion for Nokia in an attempt to save its struggling Windows Phone business. This decision makes it clear: Windows Phone's days are numbered. Microsoft announced massive layoffs last July, and the Nokia team was hit the hardest then as well. According to Microsoft, 12,500 of the 18,000…
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