Microsoft Cutting Up to 7,800 Jobs

(AP Photo)
(AP Photo)
(AP Photo)

(USA Today) – One year after announcing a massive round of job cuts impacting 18,000 employees, Microsoft is wielding the ax again.

In a statement Wednesday, Microsoft said it will slash up to 7,800 additional jobs. Most of the cuts are connected to the company’s phone business.

The company will also take an impairment charge of $7.6 billion related to its acquisition of Nokia’s handset business for more than $7 billion, along with a restructuring charge ranging between $750 million and $850 million.

“We are moving from a strategy to grow a standalone phone business to a strategy to grow and create a vibrant Windows ecosystem including our first-party device family,” Microsoft CEO Satya Nadella said in an email to employees Wednesday. “In the near-term, we’ll run a more effective and focused phone portfolio while retaining capability for long-term reinvention in mobility.”

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