Satya Nadella Named CEO of Microsoft
It’s official. After widespread rumors and speculation, Microsoft today confirmed its plans to cut 18,000 jobs over the next 12 months. In a memo to employees, chief executive Satya Nadella said the bulk of the layoffs – 12,500 in total – would come from Nokia’s Devices and Services division, which the company acquired for $7.2 billion this year. The relatively new Microsoft leader emphasized these were part of its “synergies and strategic alignment” and would consist of both professional and factory workers. Microsoft is already “moving” to reduce its workforce by 13,000 and Nadella said the “vast majority” of affected employees will…

This story continues at The Next Web