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Microsoft to cut up to 18,000 jobs over next year

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REDMOND — Microsoft announced the biggest layoffs in its history today, saying it will cut up to 18,000 jobs or 14 percent of its staff as it works to cut down on management layers and integrate the Nokia cellphone business it bought in April.

The news sent Microsoft’s stock up 2 percent in morning trading.

Although the job cuts had been expected, the extent of them was a surprise. It’s the boldest move by CEO Satya Nadella since he took…

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