Microsoft to lay off up to 7,800

This is Nadella's second major restructuring. He announced 18,000 layoffs in Nokia's devices and services business last year, following Microsoft (MSFT, Tech30)'s acquisition of the handset maker.

CNN Money, --July 8, 2015

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Microsoft CEO Satya Nadella is swinging the axe again at the software giant.
Up to 7,800 people will be laid off globally, the company announced Wednesday morning. Most of the jobs are within its smartphone hardware business. Microsoft (MSFT, Tech30) had 118,600 employees as of March 30, with about 60,000 of those workers in the United States. The cuts represents about 7% of its staff. More...

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