Microsoft plans to axe 1,850 jobs, to trim smartphone biz

| Wednesday, May 25, 2016 - 18:19
First Published |
Microsoft plans to axe 1,850 jobs, to trim smartphone biz

Microsoft plans to axe 1,850 jobs

New Delhi: Microsoft Corp is planning to trim down its smartphone business by cutting 1,850 jobs, primarily in Finland and write down $950 million from its operations account.
The U.S. company, which entered the phone business in 2014 by buying Finnish firm Nokia's handset unit mentioned that the company is planning to streamline its smartphone business and close down its research and development site in Tampere, Finland. However, it will continue to develop Windows 10 Mobile platform and support its Lumia smartphones.
"We are focusing our phone efforts where we have differentiation," said chief executive Satya Nadella in a statement.
Earlier this month, Microsoft had divested its entry-level feature phones business for $350 million.
Incidentally, the company had bought Nokia's once-dominant handset unit for about $7.2 billion, but it failed to turn the business around and last year announced $7.5 billion writedowns, and 7,800 job cuts.

Download English News App and stay updated with all Latest News.
For News in English, follow us on Google+, Twitter and on Facebook.

Add new comment

This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.