Microsoft to cut 1,850 jobs from smartphone unit
After Microsoft announced to sell its feature phone business to Foxconn for $350 million earlier this month, it on Wednesday announced to cut 1,850 jobs from its smartphone business. While up to 1,350 jobs will be cut in Finland, about 500 jobs will be cut globally. The restructuring will cost $950 million to Microsoft, including $200 million for severance payments. 