Microsoft has announced plans to streamline its smartphone business, trimming more than 1,850 jobs, mostly in Finland.
Satya Nadella, Chief Executive Officer of Microsoft says: “we are focusing our phone efforts where we have differentiation with enterprises that value security, manageability and our Continuum capability, and consumers who value the same. We will continue to innovate across devices and on our cloud services across all mobile platforms.”
Microsoft anticipates this will result in the reduction of up to 1,350 jobs at Microsoft Mobile Oy in Finland, as well as up to 500 additional jobs globally.
The company says that as a result of the action, it will record a charge in the fourth quarter of fiscal 2016 for the impairment of assets in its More Personal Computing segment, related to these phone decisions.
The actions associated with this announcement are expected to be substantially complete by the end of the calendar year and fully completed by July 2017, the end of the company’s next fiscal year.
The company also promised to provide more information about the charges in its fourth-quarter earnings announcement on July 19, 2016, and in the company’s 2016 Annual Report on Form 10-K.
No tags for this post.