Microsoft to see 1,850 jobs cuts at struggling smartphone unit
Microsoft to see 1,850 jobs cuts at struggling smartphone unit Microsoft announced more big cuts to its smartphone business on Wednesday, just two years after it bought handset maker Nokia in an ill-fated attempt to take on market leaders Apple Inc and Samsung Electronics. In a move that clearly puts the stamp of two-year chief executive Satya Nadella on the US company, Microsoft said it would shed up to 1,850 jobs, most of them in Finland, and write down $950 million from the business. It did not say how many employees currently work on smartphones in the group as a whole. Shares of Microsoft were trading around $52 late Wednesday, roughly flat with their $51.59 close Tuesday, but significantly up from $34.20 when Nadella became CEO in February 2014. Remaking Microsoft, known primarily for its software, into a more device-focused company was a hallmark of previous chief executive Steve Ballmer. In one of his last major acts, Ballmer closed a deal to buy Noki...