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Microsoft set to axe 18,000 jobs

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 of closing the acquisition.

The cuts are much more severe than the 6,000 initially expected.

The firm employs 127,000 globally, including 3,500 staff in the UK.

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