(Bloomberg) -- Microsoft Corp. plans to eliminate as many as 7,800 positions as part of the technology company’s reorganization of its phone-hardware business under Chief Executive Officer Satya Nadella.
Microsoft will record an impairment charge of about $7.6 billion on its Nokia handset unit and a restructuring charge of about $750 million to $850 million, the Redmond, Washington-based company said in a statement Wednesday. Microsoft had about 120,000 employees at the end of March.
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