The hammer has fallen on Microsoft’s smartphone division.
The company announced on Wednesday morning that it will be laying off 1,850 employees as part of its larger effort to focus on other parts of its business — essentially ending Microsoft’s efforts to make something of its disastrous 2013 acquisition of Nokia.
Microsoft is also claiming the move will cost the company around $ 950 million, which includes around $ 200 million in severance payments.
“We are focusing our phone efforts where we have differentiation — with enterprises that value security, manageability and our Continuum capability, and consumers who value the same,” said Satya Nadella, chief executive officer of Microsoft, in a press release. “We will continue to innovate across devices and on our cloud services across all mobile platforms.” Read more…