Microsoft reportedly readying job cuts in Nokia acquisition

From CNET: Microsoft is planning its largest round of layoffs in five years as the software giant looks to integrate Nokia Oyj's handset unit, Bloomberg reported Monday, citing people with knowledge of the company's plans.

The job cuts, expected to be announced as soon as this week, will likely affect positions in the Nokia unit that serve the same function in other parts of Microsoft, as well as in marketing and engineering, Bloomberg reported. Microsoft added roughly 25,000 employees when it completed its $7.2 billion acquisition of Nokia's devices and services division in April.

Sources told the news agency that the round of job cuts could be the largest in Microsoft's history, exceeding the 5,800 positions it eliminated in 2009.

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