You are here

Microsoft axes 7,800 jobs, writes down Nokia

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


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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to