Microsoft has announced plans to streamline the smartphone hardware business it bought from Nokia in 2014 for $7.2bn.
The changes will likely impact up to 1,850 jobs, with Microsoft announcing that it will record an impairment and restructuring charge of approximately $950m, of which approximately $200m will relate to severance payments. The bulk of the job cuts will affect a mobile technology division at Microsoft Mobile Oy in Finland with the company anticipating the…
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