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Microsoft to cut 7,800 jobs at mobile phone business

Wednesday 8 July 2015 | 16:27 CET | News
Microsoft has confirmed plans to cut up to 7,800 jobs, mainly at its mobile phone business. In addition, the company will take an impairment charge of USD 7.6 billion to write down the value of the phone business acquired from Nokia last year. The restructuring is expected to cost another USD 750-850 million. Microsoft CEO Satya Nadella said in an email to staff that the restructuring is aimed at better integrating the phone business in the Windows ecosystem, rather than a standalone device operation. "In the near-term, we'll run a more effective and focused phone portfolio while retaining

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Categories: General
Companies: Microsoft
Countries: World
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