According to the newest report, Mircosoft plans to cut up to 7,800 more jobs, which is more than 6 percent of its work force and Phone Unit is one to feel it the most.

Only last year, Microsoft cut 18,000 jobs, in what was probably the biggest cut so far and, according to the newest report by The New York Times, it plans to cut another 7,800, or around 6 percent of its total work force.

At the end of March, Microsoft had more than 118,000 employees globally and while Microsoft executives have been talking about cutbacks for months, but it appears that constant drop in smartphone market share took its toll.

Microsoft also announced that it will take a US $7.6 billion charge for its acquisition of Nokia and has also announced that it will take a cash restructuring charge of between $750 million and $850 million in order to deal with the job cut-down.

It is highly unlikely that Microsoft will completely scrap its phone business but Microsoft's CEO, Staya Nadella, said that the company will no longer focus on growth but rather expansion of the ecosystem of products, including mobile phones.



Source: NYTimes.com.