Microsoft plans 7,800 layoffs, $7.6 billion Nokia write-down

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After cutting its workforce by around 18,000 over the past year, Microsoft is readying another round of heavy layoffs. The company will cut 7,800 jobs over “the next several months.” Many of the dismissals will come from Microsoft’s phone business, which joined the company’s newly formed “Windows and Devices Group” in June. As part of the merger announcement, Microsoft also revealed it would say goodbye to the last two major Nokia executives still at the company, Stephen Elop and Jo Harlow, in the near future.

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