Every major corporation has to fire people at some point. But Microsoft's plan to eliminate 18,000 jobs this year is, to say the least, a big deal. The company announced its plans on a blog post titled "Starting to Evolve Our Organization and Culture," written by new CEO Satya Nadella. Former Nokia employees will bear the brunt of this downsize, with 12,500 office and factory workers from the Finnish phone giant being laid off.
Update 4: OnLive has finally issued the following statement:
We can now confirm that the assets of OnLive, Inc. have been acquired into a newly-formed company and is backed by substantial funding, and which will continue to operate the OnLive Game and Desktop services, as well as support all of OnLive's apps and devices, as well as game, productivity and enterprise partnerships. The new company is hiring a large percentage of OnLive, Inc.'s staff across all departments and plans to continue to hire substantially more people, including additional OnLive employees.