Microsoft Corp. is expected to announce a major round of new layoffs as early as Wednesday, according to a New York Times report, citing unnamed sources. The cuts would be in addition to the roughly 18,000 employees that Microsoft planned to lay off a year ago, the report said. The new layoffs are expected to affect workers in the company’s hardware group, among other units, including the smartphone business Microsoft purchased from Nokia in a $7.2 billion deal last year. Microsoft shares were down 1.2% in low, premarket volume.
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