Microsoft to cut 18,000 jobs as Nokia loses 12,500 positions

Source: Bloomberg
© Scanpix/Reuters
Microsoft Corp. has finally announced a long-awaited job cuts program, which will include the elimination of 18,000 positions by the middle of the next year. As expected, the vast majority of lay-offs will come from the Nokia unit, which has been recently bought by American company. Yesterday, Microsoft Corp. shares jumped 1% to $44.53 per share during the trading session in New York.
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