Microsoft's big shakeup: job losses and product cuts under a new CEO

Microsoft’s new CEO Satya Nadella is shaking things up at the software maker. After a 3,100-word outlining the reshaping of the “core” of Microsoft, Nadella announced the company’s biggest-ever job cuts: 18,000 positions within the next 12 months. Most of the job cuts will affect former Nokia employees, but Microsoft is also taking the chance to restructure and refocus its plans across the entire organization. Microsoft’s brief experiment with Android has been killed off, and the company is no longer interested in producing handsets unless they run Windows Phone. Elsewhere, plans to take on Netflix with original Xbox TV shows have been shelved, and the reshuffling is bound to affect more products over time. Follow along here for the latest on Microsoft’s big shakeup.