Microsoft to face up to $1.6B in costs related to Nokia

Microsoft expects to face costs of $1.1 billion to $1.6 billion US in the first half of 2015 to deal with its restructuring as it absorbs Nokia’s money-losing handset business. CEO Satya Natella announced he would trim 18,000 jobs or 14 per cent of the company’s workforce last week as Microsoft completes its takeover of Nokia. Nokia’s handset business contributed $1.99 billion to Microsoft’s ...

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