Wednesday, May 25, 2016

Microsoft to Trim Smartphone Business, Will Axe 1,850 Jobs



Microsoft said on Wednesday it will trim down its smartphone business by cutting 1,850 jobs, most of them in Finland, and write down $950 million from the operation.

Microsoft, which entered the phone business in 2014 by buying Finnish firm Nokia's handset unit, said it would "streamline" its smartphone business and close down its research and development site in Tampere, Finland. 

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Source: NBC News

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