Microsoft plans to cut 18,000 jobs

Satya Nadella CEO of Microsoft and successor of Steve Balimer have just announced the largest round of cutbacks in Microsoft history. Satya says they will be cutting 18,000 positions in the next year. This also comes not too long after Microsofts acquisition of Nokia. It's said layoffs will be mainly focused on their mobile division, and cutbacks starting with 12,500 of former Nokia employees.