Thousands could lose their jobs at Microsoft this week

Thousands could lose their jobs at Microsoft this week   A significant amount of Microsoft employees may receive their pink slips later this week, on Thursday, as part of a concerted headcount reduction at the Redmond-based company.According to long-time Microsoft specialist, Mary-Jo Foley, that new wave of redundancies will affect "almost every group at the company" with Nadella mentioning 18,000 job losses likely to happen by early 2015.The company has just north of 125,000 full time employees and 12,500 former Nokia employees had already been sacked in July. Read more >