Microsoft cuts 1850 jobs in mobile unit

Microsoft is cutting another 1,850 jobs connected to its mobile phone business.

Microsoft

Microsoft is cutting another 1,850 jobs connected to its mobile phone business. (AAP)

Microsoft is cutting 1850 jobs and will book a $US950 million ($A1.32 billion) writedown as the company continues its attempts to salvage a rocky entrance into the smartphone market.

The company acquired Nokia's phone business in 2014, seeking to capitalise on the fast-growing industry, but by last year it was slashing the value of that business and eliminated 26,000 jobs.

The bulk of the jobs cuts announced on Wednesday, up to 1350 positions - are at Microsoft Mobile Oy in Finland. There will also be up to 500 additional jobs trimmed worldwide. Microsoft had 117,354 employees globally at the end of its last fiscal year.

Microsoft hopes to complete most of the "streamlining" by year's end.


Share

1 min read

Published

Source: AAP



Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world