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Microsoft set to axe 18,000 jobs

LONDON – Microsoft is to cut up to 18,000 jobs marking the deepest cuts in the technology firm’s 39-year history. The bulk of the cuts, around 12,500, will be in its phone unit Nokia, which Microsoft bought in April, the firm said. Microsoft pledged to cut $600m (£350.8m) per year in costs within 18 months…

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