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| Microsoft set to axe 18,000 jobs | Microsoft set to axe 18,000 jobs |
| (35 minutes later) | |
| Microsoft is to cut up to 18,000 jobs marking the deepest cuts in the technology firm's 39-year history. | Microsoft is to cut up to 18,000 jobs marking the deepest cuts in the technology firm's 39-year history. |
| The bulk of the cuts, around 12,500, will be in its phone unit Nokia, which Microsoft bought in April, the firm said. | The bulk of the cuts, around 12,500, will be in its phone unit Nokia, which Microsoft bought in April, the firm said. |
| Microsoft pledged to cut $600m (£350.8m) per year in costs within 18 months of closing the acquisition. | Microsoft pledged to cut $600m (£350.8m) per year in costs within 18 months of closing the acquisition. |
| The cuts are much more severe than the 6,000 initially expected. | |
| The firm employs 127,000 globally, including 3,500 staff in the UK. | |
| Chief executive officer Satya Nadella, who took the helm in February, wants the firm to shift its focus away from software to online services, apps and devices. | |
| "Making these decisions to change are difficult, but necessary," Mr Nadella wrote in the announcement to staff. | |
| The firm said it also planned to have fewer layers of management "to accelerate the flow of information and decision making." | |
| Microsoft said staff affected by the job cuts would be notified over the next six months, and they would be "fully completed" by the the end of June next year. | |
| In total it said the cuts, including severance pay, would cost it between $1.1bn to $1.6bn (£643m to £935m) over the next year. | |
| Last week, Mr Nadella rebranded the firm as "the productivity and platform company for the mobile-first and cloud-first world." | |
| The cuts are aimed at helping Microsoft better compete with rivals including Google and Apple. | |
| The last significant job cuts at the firm were in early 2009, when previous chief executive Steve Ballmer axed 5,800 staff. |