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Microsoft Lumia smartphones business will see further job cuts

"We will continue to innovate across devices and on our cloud services across all mobile platforms," said CEO Satya Nadella.

Microsoft, Microsoft Lumia, Microsoft smartphone business, Microsoft streamlining business, Microsoft jobs, Microsoft Oy, Microsoft fiscal year, technology, tech news “We are focusing our phone efforts where we have differentiation,” says CEO Satya Nadella. (Reuters Photo)

Microsoft Corporation, on Wednesday, has announced its plans to further restructure its struggling Lumia smartphone business. The restructuring will mean close to 1,850 job cuts. The company will further record an impairment and restructuring charge of approximately $950 million, of which approximately $200 million will relate to severance payments.

“We are focusing our phone efforts where we have differentiation — with enterprises that value security, manageability and our Continuum capability, and consumers who value the same,” said Satya Nadella, chief executive officer of Microsoft. “We will continue to innovate across devices and on our cloud services across all mobile platforms.”

The step may result in the reduction of up to 1,350 jobs at Microsoft Mobile Oy in Finland, as well as up to 500 additional jobs globally. However, employees working for Microsoft Oy are not in scope for the planned reductions.

The actions will be implemented by the end of the calendar year, and fully completed by July 2017.

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First published on: 25-05-2016 at 05:12:54 pm
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