Microsoft: 18000 Layoffs Painful Way to Clean Up Ballmer's Mess, Says Street

Shares of Microsoft (MSFT) are up 63 cents, or 1.4%, at $44.72, after the company this morning said it would eliminate 18,000 positions, or 14% of its workforce, as part of a way to “evolve our organization,” as CEO Satya Nadella described the matter. Read Full Story