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Microsoft cuts more jobs in struggling mobile unit

Microsoft cuts more jobs in struggling mobile unit

Microsoft will cut up to 1,850 jobs and book an approximately $950-million writedown as it attempts to salvage its rocky entrance into the smartphone market. 

The company acquired Nokia's phone business in 2014 for $7.3 billion, seeking to capitalize on the fast-growing industry. But by summer 2015 it had slashed the value of that business severely and eliminated 26,000 jobs. 

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