Microsoft is restructuring its smartphone business, will cut 1,850 jobs

[Windows Central]

Microsoft has announced that it is restructuring its smartphone business, laying off 1,850 employees associated with its hardware division. The move will impact 1,350 jobs at Microsoft's Finland unit, and an additional 500 jobs globally. Microsoft will undertake an impairment and restructuring charge of $950 million, of which $200 million is earmarked for severance payments. The vendor underwent a restructuring process last year, where it announced a $7.6 billion write-down of the company's acquisition of Nokia's Devices and Services division, laying off 7,800 employees from its phone unit.

Full story from the WindowsCentral blog...