Microsoft Corp announced big cuts to its smart phone business; it would shed up to 1,850 jobs, most of them in Finland, and write down $950 million from the business.
To turn Microsoft into a more device-focused company, its previous chief executive Steve Ballmer closed a deal to buy Nokia’s struggling but once-dominant handset business for about $7.2 billion in late 2013. The deal closed in April 2014, two months after Nadella became CEO.
Since then, Nadella has shaved away at the phone business, starting with a sleuth of measures in 2015 restructuring the company phone division.
A Finnish union representative told Reuters the cuts would essentially put an end to Microsoft’s development of new phones.
Last year, Microsoft announced $7.5 billion of write downs and 7,800 job cuts in its phone business.