Major Job Cuts Expected at Microsoft - The New York Times

Implementing "tough choices"

"Microsoft is not expected to leave the smartphone business in the near term, given the importance of mobile devices in the technology business. The company is preparing to release a new version of its Windows operating system for PCs, smartphones and other devices, which it hopes will attract more interest from software developers.

Still, analysts have said Microsoft may soon acknowledge missteps in the smartphone business with a large write-down of the value of its Nokia acquisition. The announcement of that accounting charge, which could amount to several billion dollars, is expected by many to occur before Microsoft reports earnings this month."

Major Job Cuts Expected at Microsoft - The New York Times