Microsoft restructures phone hardware business, cuts 7,800 jobs
by from Techreport on (#DPHT)
Microsoft has announced plans to restructure its phone hardware business, including the elimination of 7,800 jobs. The restructuring effort will result in a one-time charge of $7.6 billion related to assets acquired with Nokia's Devices and Services divsion, a deal that was finalized only 15 months ago. It will also take a restructuring charge of between $750 million and $850 million. The company says these changes should be mostly completed by the end of 2015, and completely finalized by the end of its next fiscal year.
An additional charge related to the "impairment of assets and goodwill in [Microsoft's] Phone Hardware segment" will ...