Microsoft announces layoffs

, Posted: Thu, July 17 2014 at 1:27 PM, Updated: Thu, July 17 2014 at 2:00 PM

(NBC News)  Clouds had been on the horizon in recent days for Microsoft and today, the storm arrived. 

Microsoft announced they will be cutting up to 18 thousand jobs around the country over the next year. 

New Microsoft CEO Satya Nadella explained the cuts as part of an effort to transform the company for what he called a "mobole first and cloud first world."

Nokia looks take bare a brunt of the layoffs with 12 thousand of layoffs coming from their branch.

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