Satya Nadella lays it on the table to his employees on the 10th Of July.
Here's the full email:
http://www.microsoft.com/en-us/news/ceo/index.html
What it doesn't mention (of course) is that Microsoft is looking at shedding up to approximately 5% of it's total global workforce.
In the firing line are potentially former Nokia personnel, plus engineering and marketing.
Biggest cuts in Microsoft's history.
SOURCE
Suddenly, some of that sheen has come off the well-worded email to those employees that will be affected by the cuts.