Microsoft announced it will be cutting up to 18,000 jobs over the next year; the biggest job cuts in the company’s history. The layoffs are part of a plan to re-align itself after its acquisition of Nokia in April.
Microsoft CEO Satya Nadella broke the news in an all-staff email, saying the layoffs are necessary to streamline the company.
"We plan to have fewer layers of management, both top down and sideways, to accelerate the flow of information and decision making. This includes flattening organizations and increasing the span of control of people managers," Nadella writes.
The move comes as Microsoft tries to shift more of its business toward cloud and mobile computing, as well as become more efficient.
“People view Microsoft as being sluggish," says Colin Gillis, a senior tech analyst at BGC Financial. "The new management want to change that and change the culture. We’ll see how this works."
Gillis says two thirds of the workers losing their jobs are former Nokia employees who became part of Microsoft after the companies merged. According to the announcement, the layoffs will mostly be complete by the end of this year.
Researchers who looked at two years of records from the Manhattan district attorney's office found that race was a significant factor in determining how prosecutors resolved cases.
"The suspects had massive amounts of ammunition either taped to or strapped to their bodies," says the police chief of Stockton, Calif. Two suspects and one hostage died.
The tax was imposed on about 350 of the nation's top polluters under the country's previous center-left government.
A new article in Bloomberg Businessweek explores what looked a few years ago to U.S. officials like a massive cyberattack directed against one of the big American stock exchanges, the Nasdaq market.
Reporters have been piecing together the hunt -- not for Red October -- but for the origins of dangerous software that was somehow hacked into Nasdaq's computers. The bad code has long since been eradicated.
According to Bloomberg Businessweek reporter Michael Riley, the malware was discovered by the FBI in late 2010, tracked by the National Security Agency, and determined to likely be Russian in origin.
Click the media player above to hear Bloomberg Businessweek reporter Michael Riley in conversation with Marketplace Morning Report host David Brancaccio.