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Microsoft to Cut 18,000 Jobs

Just last week Microsoft CEO Satya Nadella indicated that big changes were in store for the company. Today he made good on that promise, announcing that the company would cut 18,000 jobs over the next year — the largest downsizing in the history of the company.

Most of the nixed jobs will come from the Nokia business Microsoft acquired in April of this year.

The reason behind the changes, according to an email from Nadella, is a shifting of Microsoft’s culture as he positions the company’s goals toward the technology of mobile devices and cloud computing.

According to Citi analyst Walter Pritchard, these cuts represent Nadella “taking a chainsaw to costs.” He also predicts that the job cuts will be “music to the market’s ears.”