Microsoft to Cut 2,850 More Jobs in Exit From Phone Businessby
Microsoft Corp. is more that doubling an earlier job cut plan, part of Chief Executive Officer Satya Nadella’s move to pare the company’s smartphone ambitions.
Some 2,850 positions worldwide will be eliminated in fiscal 2017, the company said Thursday in a regulatory filing. That’s in addition to 1,850 job cuts, primarily in the smartphone hardware business and sales, announced in May.
Microsoft has already written off most of the value of its purchase of the handset business of Nokia Oyj in 2014 after that unit failed to make significant market share gains against Apple Inc.’s iPhones and Google’s Android operating system.
Windows phones had less than 1 percent of the global smartphone market in the first quarter, according to Gartner Inc. That compares with Android’s 84 percent and 15 percent for Apple’s iOS.