Microsoft headquarters near Paris
Microsoft headquarters near ParisReuters

Technology giant Microsoft on Thursday announced its plans to cut 2,850 jobs over the next one year. This is in addition to the 1,850 employees it had decided to layoff two months ago.

With the new round of layoffs, as many as 4,700 Microsoft employees worldwide will lose their jobs over the next one year. Microsoft currently has 114,000 employees working on full-time basis across the globe. The job cuts will affect four percent of the firm's workforce. 

Of the first 1,850 job cuts announced by the company, 1,350 layoffs would be in Finland, which happens to be Nokia's headquarters. Terry Myerson, Microsoft's Vice President for its windows and devices group, sent out an email at that time, stating that the job cuts have been "incredibly difficult but Microsoft needed to be more focused in our phone hardware efforts." 

The job cuts would mainly target its smart phone hardware business and global sales unit. 

Microsoft's CEO Satya Nadella, who took over the company two months after it bought mobile handset company Nokia's business in 2014 for $7.6 billion, has since then been trying to restructure the firm's struggling phone business, Reuters reported.

With the deal, the Redmond-based company had attempted to take over the market leader Apple and its rival, Samsung Electronics.