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

 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

from Microsoft – TechCrunch http://techcrunch.com/2016/05/25/microsoft-is-laying-off-1850-to-streamline-its-smartphone-business-takes-950m-charge/?ncid=rss