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Microsoft to slash 7,800 more jobs amid shift in mobile strategy

  • Signalling a major change in strategy, Microsoft is slashing 7,800 more jobs amid a reorganization of the Nokia mobile phone business that it purchased for $7.5 billion in 2014.

    In July 2014, the technology giant had shed 18,000 jobs from the Nokia unit, the biggest cuts in Microsoft’s history.

    Microsoft has also decided to write down the value of the mobile deal by $7.6 billion.

    The Finnish government has expressed its disappointment over the company's decision. The latest job cuts will include more than 2,000 positions in Finland, reports say.

     

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    Tagged as: Microsoft job cuts, Nokia mobile phone business, Nokia unit, Finnish government, Finland, Microsoft, business news