Microsoft to Cut 2,850 More Jobs

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This story originally appeared on Reuters

Corp. said it would cut about 2,850 more jobs over the next 12 months, taking its total planned to up to 4,700, or about 4 percent of its workforce.

The said in May it would cut 1,850 jobs in its business, most of them in .

Microsoft bought Finland-based handset maker in 2014 in an ill-fated attempt to take on market leaders Apple Inc. and Samsung Electronics Co. Ltd.

 
 
 
 
 
 

Chief Executive , who took the helm just two months before the deal closed, has since focused on restructuring the struggling phone business.

Microsoft had about 114,000 full-time employees as of June 30.

(Reporting by Rishika Sadam in Bengaluru; Editing by Saumyadeb Chakrabarty)

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