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May 25, 2016

Microsoft is laying off 1,850 to “streamline” its smartphone business, takes $950M charge

Lumia-430_Skype-calling Following last week’s news of Microsoft selling off its feature phone business for $350 million, today Microsoft turned its attention to smartphones: the company announced it would lay off 1,850 staff and take a charge of $950 million, including $200 million in severance payments, as it “streamlines” the business to focus on enterprises and niche areas where it feels it… Read More

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