Microsoft continues to cut back on phones

1,850 jobs could go, mostly in Finland

25th May, 2016
Microsoft's Nokia cuts another blow for Finland Pic Getty

Microsoft is to cut as many as 1,850 jobs and take a new impairment charge as chief executive Satya Nadellapares pares back the company’s ambitions in smartphones.

The company will take a $950m impairment and restructuring charge, including $200m for severance payments, Microsoft said in an e-mailed statement.

About 1,350 jobs will be cut in Finland, the base of the handset business it acquired from Nokia in 2014.

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