Microsoft to cut 7,800 jobs as it takes $7.6bn loss on mobile phone business
by Dominic Rushe in New York from Technology | The Guardian on (#DPET)
Cuts will add to more than 12,000 jobs eliminated in past year as CEO Satya Nadella says the company is reassessing its money-losing smartphone business
Microsoft announced on Wednesday that it is cutting 7,800 jobs and taking a loss of $7.6bn on its money-losing mobile phone business.
The cuts add to the roughly 12,500 jobs eliminated in the past year from the Nokia phone business that Microsoft bought for $7.3bn in 2012. Some 2,300 of the jobs will be made in Finland, where Nokia is headquartered.
