- Microsoft (NASDAQ:MSFT) announced in May it would reduce 1,850 jobs, mainly in its smartphone hardware and global sales divisions.
- Today in the company's 10-K, Microsoft extends this reduction to include 2,850 more positions and forecasts the restructuring to be complete by the end of FY17.
- In FY16, the company realized restructuring costs of $501M. It does not anticipate further charges related to these plans in upcoming years.
Microsoft 10-K: 2,850 additional jobs eliminated
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