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By Ronald Grover and Lisa Richwine LOS ANGELES (Reuters) – Microsoft Corp intends to wind down Xbox Entertainment Studios, a source familiar with its plans said, becoming the first major tech company to give up on making original shows in a battle for the living room couch. The studio, set up in 2012 under then-Chief […]

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SEATTLE (Reuters) – Microsoft Corp said on Thursday it would cut up to 18,000 jobs, or about 14 percent of its workforce, as it halves the size of its recent Nokia acquisition and trims down other operations. The company said it will take pre-tax charges of $1.1 billion to $1.6 billion for the costs of […]

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Microsoft Corp is set to cut more than 6,000 jobs in an announcement expected early Thursday, according to sources familiar with the matter, as it trims its newly acquired Nokia phone business and reshapes itself as a cloud-computing and mobile-friendly software company. What could be the deepest job cuts in the companys 39-year history come […]

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