Microsoft to cut 2,850 more jobs

(Reuters) - Microsoft Corp 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.

Microsoft bought Finland-based handset maker Nokia in 2014 in an ill-fated attempt to take on market leaders Apple Inc and Samsung Electronics Co Ltd <005930.KS>.

Chief Executive Satya Nadella, who took the helm just two months before the deal closed, has since focussed on restructuring the struggling phone business.

Microsoft had about 114,000 full-time employees as of June 30.

 

(Reporting by Rishika Sadam in Bengaluru; Editing by Saumyadeb Chakrabarty)