Microsoft to cut 2,850 more jobs
Reuters
Published Jul 28, 2016 06:37PM ET
Microsoft to cut 2,850 more jobs
(Reuters) - Microsoft Corp (O:MSFT) said it would cut about 2,850 more jobs over the next 12 months, taking its total planned job cuts to up to 4,700, or about 4 percent of its workforce.
The company said in May it would cut 1,850 jobs in its smartphone business, most of them in Finland.
Microsoft bought Finland-based handset maker Nokia (HE:NOKIA) in 2014 in an ill-fated attempt to take on market leaders Apple Inc (O:AAPL) and Samsung Electronics Co Ltd (KS:005930).
Chief Executive Satya Nadella, who took the helm just two months before the deal closed, has since focused on restructuring the struggling phone business.
Microsoft had about 114,000 full-time employees as of June 30.
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Written By: Reuters
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