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Microsoft axes 7,800 jobs, writes down Nokia

It will also record restructuring charge of US$750-850m for Nadella's reorganisation

Seattle

MICROSOFT Corp plans to cut as many as 7,800 jobs and write down about US$7.6 billion on its Nokia phone handset unit, wiping out nearly the entire value of a business that failed to gain market share since it was acquired last year.

The company also will record a...

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