Dina Bass at Bloomberg writes:

Microsoft Corp. (MSFT) is planning its biggest round of job cuts in five years, as the software maker looks to slim down and integrate Nokia Oyj’s handset unit, people with knowledge of the company’s plans said.

Bass says these layoffs could be "the biggest in Microsoft history, topping the 5,800 jobs cut in 2009." I'm sure things are pretty tense on the Microsoft campus right now; if you're reading this, I wish you the best of luck over the next few days.