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Microsoft to cut 2,850 more jobs

Published 28/07/2016, 23:44
© Reuters. A Microsoft logo is seen a day after Microsoft Corp's (MSFT.O) $26.2 billion purchase of LinkedIn Corp (LNKD.N), in Los Angeles
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(Reuters) - Microsoft Corp (O:MSFT) said it would cut about 2,850 more jobs over the next 12 months, taking its total planned job cuts to up to 4,700, or about 4 percent of its workforce.

The company said in May it would cut 1,850 jobs in its smartphone business, most of them in Finland.

Microsoft bought Finland-based handset maker Nokia (HE:NOKIA) in 2014 in an ill-fated attempt to take on market leaders Apple Inc (O:AAPL) and Samsung Electronics (LON:0593xq) Co Ltd (KS:005930).

Chief Executive Satya Nadella, who took the helm just two months before the deal closed, has since focussed on restructuring the struggling phone business.

© Reuters. A Microsoft logo is seen a day after Microsoft Corp's (MSFT.O) $26.2 billion purchase of LinkedIn Corp (LNKD.N), in Los Angeles

Microsoft had about 114,000 full-time employees as of June 30.

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