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Microsoft Retreats in Smartphone Battle, 1,850 Jobs to Go

Microsoft Corp  announced more big cuts to its smartphone business on Wednesday, just two years after it bought handset maker Nokia in an ill-fated attempt to take on market leaders Apple and Samsung. The U.S. company said it would shed up to 1,850 jobs, most of them in Finland, and write down $950 million from the business. It did not say how many employees currently work on smartphones in the group as a whole. A Finnish union representative told Reuters...

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