HONG KONG: Microsoft Corp will cut as many as 1,850 jobs and take a new impairment charge as chief executive officer Satya Nadellapares back the company’s ambitions in smartphones.
The company will take a US$950mil impairment and restructuring charge, including US$200mil for severance payments, Microsoft said in an e-mailed statement. About 1,350 jobs will be cut in Finland, the base of the handset business it acquired from Nokia Oyj in 2014.
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