Date
18 November 2017
Up to 18,000 jobs will go at Microsoft over the next 12 months, according to the company. Photo: Bloomberg
Up to 18,000 jobs will go at Microsoft over the next 12 months, according to the company. Photo: Bloomberg

Microsoft to sever 14% of its workforce

Microsoft Corp. will shed up to 18,000 jobs, or 14 percent of its workforce, over the next year in the deepest cuts in the company’s 39-year history, Reuters reported Thursday.

The retrenchments will almost halve the size of its newly acquired Nokia phone business as Microsoft moves into cloud-computing and mobile-friendly software, the report said.

But there are few other details about the cuts. One source said a major victim would be the 175-strong Xbox Entertainment Studios unit, which will start to wind down efforts to create original content. But it will continue to work on its highest-profile project, a filmed version of the blockbuster “Halo” video game, it said.

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