[Update: 18,000 Laid Off] Microsoft to Reportedly Lay Off Thousands, Will Include Xbox Marketing Division

[Update]: Microsoft confirmed the layoffs today with 18,000 jobs planned for elimination over the next year. Specifically, the bulk of those job cuts come from the Nokia division with 12,500 employees losing their positions. We hope everyone affected finds new work soon.

[Original]: Microsoft is planning to lay off thousands of its employees in…

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