(CBS Seattle) — Microsoft is planning its biggest round of job cuts in five years, according to Bloomberg. The report, which cites people with knowledge of company plans, indicated that the job cuts could come as early as this week.

The company’s downsizing is a rumored result of its integration of the Nokia Oyj’s handset unit. Cuts are expected to come from the engineering and marketing departments, as well as from areas of overlap with Nokia.

Microsoft CEO Satya Nadella issued a company-wide memo last week stressing the importance of making the company leaner and more effective, but did not address rumors of downsizing.

The cuts would represent the company’s first large-scale layoff since 2009, according to Reuters.

(TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)



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