• Home
  • News
  • Coins2Day 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechMicrosoft

Microsoft to Cut Thousands of Jobs

By
Jonathan Vanian
Jonathan Vanian
Down Arrow Button Icon
By
Jonathan Vanian
Jonathan Vanian
Down Arrow Button Icon
July 28, 2016, 8:36 PM ET
Photograph by Sean Gallup Getty Images

Microsoft is cutting more jobs.

The business technology giant said in a regulatory filing on Thursday that it plans to lay off an additional 2,850 workers to the previously announced 1,850 jobs it said it would slash in May.

In total, Microsoft will cut 4,700 jobs worldwide by the end of the company’s fiscal year 2017.

Microsoft said that the job cuts will mainly target its smartphone hardware business and global sales unit.

Get Data Sheet, Coins2Day’s technology newsletter.

In 2014, Microsoftbought the mobile handset and services business from Nokia Corporation for $7.6 billion. The deal was originally announced in 2013 when Microsoft was led by then-CEO Steve Ballmer.

Ever since the acquisition, Microsoft (MSFT) has had a difficult time growing the struggling smartphone business it inherited.

In June 2015, Microsoft announced it would cut 7,400 jobs from the smartphone business unit, the regulatory filing said. Additionally, Microsoft said last June that it would record an impairment charge of roughly $7.6 billion related to the Nokia business unit acquisition.

Forrester Research analyst Frank Gillett told Coins2Day’s Barb Darrow at the time of last year’s job cuts, “Nokia got Microsoft into the hardware business where no one was betting on Windows Phone, but at a steep price.”

For more about Microsoft, watch this Coins2Day video:

Now with so many jobs being eliminated from the smartphone unit, it seems like Microsoft is trying get out of that hardware business.

About the Author
By Jonathan Vanian
LinkedIn iconTwitter icon

Jonathan Vanian is a former Coins2Day reporter. He covered business technology, cybersecurity, artificial intelligence, data privacy, and other topics.

See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.