According to the reporters, it has been announced by the Microsoft Corp to have more big cuts to its business of smartphones on Wednesday, nearly two years after it bought handset maker Nokia in an ill fated attempt to take on market leaders Apple Inc and Samsung Electronics Co Ltd.
As per to the Microsoft, it said that it would cut off to 1,850 jobs, in a move that clearly puts the stamp of two year chief executive Satya Nadella on the US company. Most of the jobs are said to be shed up in Finland, and write down $950 million from the business.
The number of employees who still work on smartphones in the group as whole was not been mentioned by it.
Last Wednesday, shares of Microsoft were been trading around $52, roughly flat with their $51.59 close Tuesday, but significantly up from 534.20 at the time when Nadella became CEO in February2014.
As said by Nadella in a statement, “We are focusing our phone efforts where we have differentiation. We will continue to innovate across the devices and on our cloud services across all the mobile platforms.”