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What is Microsoft Streamlines Smartphone Business about?

Microsoft announced plans to streamline its smartphone hardware business, which will impact up to 1,850 jobs. As a result, Microsoft will record an impairment and restructuring charge of approximately $950 million, including $200 million for severance payments. Microsoft will focus its phone efforts on enterprises and consumers interested in security, manageability and Continuum capability. This will result in up to 1,350 job losses in Finland and 500 additional jobs globally.

Author

Kelvin Lim Wei Liang

Language

EN