Microsoft to Cut 2,850 More Jobs in Exit From Phone Business
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Microsoft Corp. is more that doubling an earlier job cut plan, part of Chief Executive Officer Satya Nadella’s move to pare the company’s smartphone ambitions.
Some 2,850 positions worldwide will be eliminated in fiscal 2017, the company said Thursday in a regulatory filing. That’s in addition to 1,850 job cuts, primarily in the smartphone hardware business and sales, announced in May.