Belfast Telegraph

Microsoft to lose 7,800 jobs within its phone sector

By Staff Reporter

Microsoft will cut 7,800 jobs and take a $7.6bn (£4.9bn) impairment charge to restructure its flagging phone hardware business.

The company paid $7.3bn (£4.7bn) for Nokia's phone business in April 2014 in an effort to focus on mobile phones and internet services priorities for the company as its traditional software business slowed.

But Microsoft's Windows Phone system has gained little traction against Apple's iPhone and Google's Android system.

Microsoft has been operating in the Republic for 30 years. And earlier this year the firm announced plans to build a new €134m (£97m) campus in Dublin.

Now the company says it will write down more than the entire cost of buying Nokia and will also take a $750m (£488m) to $850m (£553m) restructuring charge.

The company is in the midst of a broader restructuring announced last year that includes cutting 18,000 jobs.

Microsoft said it will give more details when it reports earnings on July 21.

Belfast Telegraph