Software giantÂ MicrosoftÂ will lay off 18,000 employees, starting July 17. The number represents fifteen percent of its workforce. This layoff breaks the company’s biggest layoff record from 2009, where 5,800 employees were let go due to economic downturn.
In the latest round of cuts, those in the engineering, sales and marketing departments will be most affected. The majority of the cuts – 12,000 – will come from Nokia’s devices and services department. The company reported finding redundancies between the two companies’ professional and factory workers. The short livedÂ Nokia X AndroidÂ smartphone will also be axed.