Microsoft to cut 2,850 more jobs

Thu Jul 28, 2016 6:36pm EDT
 
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(Reuters) - Microsoft Corp (MSFT.O: Quote) said it would cut about 2,850 more jobs over the next 12 months, taking its total planned job cuts to up to 4,700, or about 4 percent of its workforce.

The company said in May it would cut 1,850 jobs in its smartphone business, most of them in Finland.

Microsoft bought Finland-based handset maker Nokia in 2014 in an ill-fated attempt to take on market leaders Apple Inc (AAPL.O: Quote) and Samsung Electronics Co Ltd (005930.KS: Quote).

Chief Executive Satya Nadella, who took the helm just two months before the deal closed, has since focused on restructuring the struggling phone business.

Microsoft had about 114,000 full-time employees as of June 30.

(Reporting by Rishika Sadam in Bengaluru; Editing by Saumyadeb Chakrabarty)

 
A Microsoft logo is seen in Los Angeles, California, U.S. June 14, 2016. REUTERS/Lucy Nicholson/File Photo