Microsoft planning to cut 2,850 more jobs
July 29
12:44
2016
Microsoft has announced that it will cutting an additional 2,850 jobs in 2017 than it had previously announced in May 2016.
Microsoft has has laid off over 10 percent of its workforce in the last two years.
Some 2,850 positions will be culled during the next fiscal year according to the company’s latest filing.
After purchasing Nokia’s handset business Microsoft has already written-off most of its value as it backs away from the costly smartphone wars.
Its mobile operating system has failed to make a significant dent in Apple and Android’s OS dominance.
Microsoft Window phones only make up 1% of the total market.
The company bought Nokia’s core operations for $7.6bn in 2014.
