Microsoft to cut 2,850 more jobs

July 28, 2016 10:36 PM

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Microsoft to cut 2,850 more jobs

Microsoft Corp (MSFT.O) said it would cut about 2,850 more jobs over the next 12 months, taking its total planned job cuts to up to 4,700, or about 4 percent of its workforce.

The company said in May it would cut 1,850 jobs in its smartphone business, most of them in Finland.

Also read: U.S. economy creates 178,000 jobs in November; jobless rate drops to 4.6%

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