Microsoft to cut up to 18,000 jobs over next year - WDRB 41 Louisville News

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

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(AP Photo Ted S. Warren). In this photo taken July 3, 2014, a worker walks past a Microsoft Corp. sign outside the Microsoft Visitor Center in Redmond, Wash. (AP Photo Ted S. Warren). In this photo taken July 3, 2014, a worker walks past a Microsoft Corp. sign outside the Microsoft Visitor Center in Redmond, Wash.
(AP Photo Ted S. Warren). CORRECTS TO SAY THAT MICROSOFT WILL ELIMINATE UP TO 18,000 INSTEAD OF 18,000 - This July 3, 2014 photo shows Microsoft Corp. signage outside the Microsoft Visitor Center in Redmond, Wash. (AP Photo Ted S. Warren). CORRECTS TO SAY THAT MICROSOFT WILL ELIMINATE UP TO 18,000 INSTEAD OF 18,000 - This July 3, 2014 photo shows Microsoft Corp. signage outside the Microsoft Visitor Center in Redmond, Wash.
(AP Photo/Eric Risberg, File). FILE - In this April 2, 2014 file photo, Microsoft CEO Satya Nadella gestures during the keynote address of the Build Conference in San Francisco. (AP Photo/Eric Risberg, File). FILE - In this April 2, 2014 file photo, Microsoft CEO Satya Nadella gestures during the keynote address of the Build Conference in San Francisco.
(AP Photo Ted S. Warren). This photo taken with a fisheye lens on July 3, 2014 shows Microsoft Corp. signage outside the Microsoft Visitor Center in Redmond, Wash. (AP Photo Ted S. Warren). This photo taken with a fisheye lens on July 3, 2014 shows Microsoft Corp. signage outside the Microsoft Visitor Center in Redmond, Wash.
(AP Photo/Mark Lennihan, File). FILE- In this May 20, 2014 file photo, Satya Nadella, CEO of Microsoft, talks during the introduction the Surface Pro 3 tablet device at a media preview in New York. (AP Photo/Mark Lennihan, File). FILE- In this May 20, 2014 file photo, Satya Nadella, CEO of Microsoft, talks during the introduction the Surface Pro 3 tablet device at a media preview in New York.
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REDMOND, Wash. (AP) - Microsoft says it will eliminate up to 18,000 jobs over the next year as it works on integrating the Nokia devices business it bought in April.

With the Nokia deal, Microsoft's employee headcount rose from about 99,000 last year to 127,000 as of last month.

Microsoft Corp. said Thursday that of the up to 18,000 jobs, about 12,500 professional and factory jobs will be cut. It anticipates charges of $1.1 billion to $1.6 billion over the next four quarters, which includes $750 million to $800 million for severance and related benefit costs.

Microsoft's stock rose slightly in Thursday premarket trading.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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