Microsoft 10-K: 2,850 additional jobs eliminated

• 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.