Tag

The result: an impairment charge of about $7.6 billion related to assets connected to its Nokia Devices and Services business acquisition. Daniel Ives, an analyst at FBR Capital Markets, said, “It’s a headache that Nadella inherited”.

It would cut almost 7,800 jobs, which is about 7 percent of its workforce, maximum of which will be done in the phone hardware business.

The cuts come in addition to 18,000 layoffs announced a year ago: Those cuts included around half of the 25,000 staff who joined Microsoft from Nokia.

Microsoft axed 18,000 jobs from the unit last July – the deepest cuts in the company’s history. “In the near term, we’ll run a more effective and focused phone portfolio business while retaining capability for long-term reinvention in mobility”. The...