News coming today out of Microsoft as CEO Satya Nadella has announced that he will be undoing the last major action of his predecessor, Steve Ballmer, and will be moving on from their Nokia smart phone division

Acquired by Ballmer in 2013 for 7.6 billion, the news is a bit shocking for a reason other than the quick about face, and what seems to be total abandonment of the program. The move comes with a steep round of job cuts attached to it as well; up to 7,800 people.

Microsoft CEO Satya Nadella

A move which potentially, just may send stock prices, and the morale of the remaining workforce, a tad bit downward for the time being. Stay tuned as this, and other tech, business, and stock stories develop throughout the day.