World Economy

Microsoft to Cut More Jobs

Microsoft to Cut More JobsMicrosoft to Cut More Jobs

Microsoft is making further cuts to what is left of its ailing smartphone business, as sales of the devices continue to fade, Reuters reported. The company said on Wednesday that it would eliminate up to 1,850 jobs as a result of the cutbacks, about 1,350 of them in Finland, where the mobile business that Microsoft acquired from Nokia a couple of years ago originated. Microsoft will take an accounting charge of $950 million related to the cuts, it said. Last year, it eliminated an additional 7,800 jobs, trimmed the number of smartphones it offered and took a $7.6 billion accounting charge, writing off nearly the entire value of the Nokia deal.