Microsoft is cutting another 1,850 jobs

Microsoft smartphone business

Microsoft is cutting 1,850 jobs from its struggling smartphone business.

The company announced Wednesday that it will cut the jobs over the next year, with the majority of cuts focused on the Microsoft Mobile unit in Finland.

The company has fired tens of thousands of workers in its phone-related business over the last two years.

Microsoft recently announced that it was selling its featured phones business.

Microsoft CEO Satya Nadella has cut more than 25,000 jobs in the last two years at its Nokia division and smartphone hardware business.

Former Microsoft CEO Steve Ballmer, purchased Nokia’s struggling mobile phone business for €5.4 billion ($6 billion) in 2013.

Microsoft said this latest round of restructuring and job losses will cost it $950 million, with $200 million going towards severance payments.

Around 4,500 employees will also be transferred from Microsoft to FIH Mobile as part of the deal.

SEE ALSO:
How To Start a Business When You’re Still Employed

Microsoft may be winding down its smartphone business but it is reporting solid returns in cloud computing, Office 365, and other products.