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Nokia, Xbox Studios part of Microsoft's big cuts

Microsoft aims to refocus as it lays off 14 percent of its staff, along with killing off Nokia Android models and Xbox Entertainment Studios. Meanwhile, Jawbone Up adds new tools for tracking food, and Apple debuts iTunes Pass.

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Now playing: Watch this: Nokia, Xbox Studios part of Microsoft's big cuts

Today's news roundup covers the layoffs at Microsoft. In a letter to employees, CEO Satya Nadella announced there will be 18,000 job cuts, which is about 14 percent of Microsoft's workforce. Most of the cuts will hit the newly acquired Nokia team. In an interview with CNET, Nadella talks about how the company needs to evolve. There are no plans to let go of Bing or Xbox , but the new Xbox Entertainment Studios will be closed. The studios were part of a plan to create original video programming for the Xbox .

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Nokia, Xbox Studios part of Microsoft's big cuts