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Microsoft to cut 7,800 jobs, takes $US7.6b writedown on Nokia

2015-07-09 11:15:11| Wireless - Topix.net

'Tough choices have to be made': Buried deep in Microsoft chief executive Satya Nadella's 1,500-word email to staff last week was a warning. Microsoft plans to cut as many as 7,800 jobs and write down about $US7.6 billion on its Nokia phone-handset unit, wiping out nearly the entire value of a business that failed to gain market share since it was acquired last year.

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