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    Microsoft Lays Off Most People Ever

    A man is silhouetted against a video screen with the Microsoft logo in the background as he poses with a Nokia Lumia 820 smartphone in this photo illustration taken in the central Bosnian town of Zenica September 3, 2013. In an era when shiny new tech start-ups can be worth tens of billions of dollars, Microsoft's deal to acquire Nokia's mobile handset business for 5.44 billion euros ($7.2 billion) is a modest one from a strictly financial point of view. Yet the deal is likely to go down as a major turning point in the contemporary technology business, one that marks the end of a Finnish company's unlikely run as world-beating tech icon even as it shapes the future of Microsoft Corp - for better or for worse.      To match Insight MICROSOFT-NOKIA/DECLINE       REUTERS/Dado Ruvic (BOSNIA AND HERZEGOVINA - Tags: BUSINESS TELECOMS LOGO) - RTX136CP

    Dado Ruvic/Reuters

    Microsoft announced Thursday its biggest cuts in employees ever, as it plans to shed 18,000 jobs this year. Most of the cuts are coming from the Nokia Devices and Services unit, as Microsoft works to mesh the two companies after its acquisition was completed in April. With roughly 127,104 employees, the cuts represent a nearly 15 percent reduction. “The first step to building the right organization for our ambitions is to realign our workforce,” new Microsoft CEO Satya Nadella said in a note to employees. “It’s important to note that while we are eliminating roles in some areas, we are adding roles in certain other strategic areas. My promise to you is that we will go through this process in the most thoughtful and transparent way possible.” Microsoft says it is “moving now” on 13,000 of those job cuts, and that most of the cuts will come in the next six months.

    Read it at Recode