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You may have already heard the news that Microsoft has plans to slash even more jobs from its mobile division, effectively burying the Nokia business that it bought for US$7.1 billion just three years ago. Has Microsoft given up on competing in the lucrative smartphones space? Not quite.
Microsoft has announced it will gut 1850 more jobs from its smartphone hardware business this year, with the bulk of job losses coming from Microsoft Mobile Oy in Finland. The $950 million business write-off (or “streamlining”, as Microsoft calls it) comes a week after the company sold off its feature phone division to Foxconn in a $350 million fire sale. It was nice knowing you, Nokia.