Elimination of 18,000 jobs in Microsoft

Microsoft CEO Satya Nadella on Thursday announced the elimination of 18,000 jobs — roughly one in seven of the company’s workforce — in the next year. About 12,500 of the positions eliminated will be at Nokia. However, Microsoft will add jobs in “certain other strategic areas.” Microsoft’s time span may be shorter than Nadella’s statement…

eBay Inc. HACKED

eBay’s morning just went from bad to worse. The e-commerce site confirmed Wednesday that its corporate network was hacked and a database with users’ passwords was compromised. While eBay says there is no evidence that users’ financial information was accessed in the hack, the company is telling all users to change their passwords. eBay contacted…