Microsoft completes disposal of Nokia’s corpse with new round of layoffs and $950M hit

Posted on May 25, 2016May 25, 2016 by Authcom

$%name Microsoft completes disposal of Nokia’s corpse with new round of layoffs and $950M hit by Authcom, Nova Scotia\s Internet and Computing Solutions Provider in Kentville, Annapolis Valley$

For many Microsoft employees, this is just another regular Wednesday morning, but for close to 2,000 people it’s going to be a day to remember. The company announced that it’s “streamlining” its smartphone business by firing up to 1,850 people worldwide, including 1,350 people in Finland and some 500 elsewhere. The move will see Microsoft take a $950 million financial hit, and seems to mark the company’s exit from the phone business.

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