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Tech Giant Microsoft to Lay Off 18,000 Workers

One of the world's biggest technology companies, U.S.-based Microsoft, says it plans to lay off up to 18,000 workers over the next year. The company said Thursday it is making the job cuts — amounting to 14 percent of its workforce of 127,000 — to restructure after its recent acquisition of the phone business of Finland's Nokia company. Microsoft is the world's largest software maker, but with the takeover of part of Nokia's business, it is seeking to become a major...

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