“After cutting its workforce by around 18,000 over the past year, Microsoft is readying another round of heavy layoffs. The company will cut 7,800 jobs over ‘the next several months.’ Many of the dismissals will come from Microsoft’s phone business, which joined the company’s newly formed ‘Windows and Devices Group’ in June. Microsoft is writing-down a large portion of its value in the coming months — $7.6 billion — which is essentially a tacit admission that paying so much money for the flailing company was not the most financially sound decision.”

http://www.engadget.com/2015/07/08/microsoft-job-cuts-2015/

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