Dive Brief:
- Microsoft will cut up to 18,000 jobs over the next year, the company announced in an email to employees Thursday.
- The cuts will represent about 14% of Microsoft's workforce and be the largest layoffs in the company's 39-year history.
- The company also said that it will stop making Nokia phones with the Android operating system. Microsoft completed the acquisition of Nokia's mobile business a few months ago.
Dive Insight:
Microsoft said that about 12,500 of the cuts will come from Nokia groups, with plans to close a factory in Hungary. While the New York Times reports that many of the mobile phone company's best engineers have already left, this large layoff raises skepticism of Microsoft's future in the mobile phone market.