Microsoft Reportedly Planning Big Job Cuts This Week

(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.

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