Microsoft to cut 1,850 jobs as smartphone business dwindles

In the face of a poorly performing smartphone business, Microsoft plans to cut up to 1,850 jobs, the majority of them in Finland, reports The New York Times.

Microsoft acquired Finland-based Nokia in 2014, but the mobile business has meagerly performed. Most of the job cuts — approximately 1,350 of them — will be in Finland.

Terry Myerson, executive vice president of Microsoft's Windows and devices unit said in an email to Microsoft employees that the company needs to focus more on phone hardware efforts, reports NYT

This is the second round of job cuts following Microsoft's acquisition of Nokia: In 2014, Microsoft cut approximately 18,000 jobs after about 25,000 workers joined the company post-acquisition, according to NYT.

In addition to the job cuts, Microsoft will take an accounting charge of $950 million, according to the report.

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