Microsoft is finally giving Nokia a rest. The company has formally closed down Nokia's smartphone hardware business, sidelining more than 1,850 employees. While Microsoft is yet to officially release a statement about its latest move, some tech analysts consider it the final nail in a coffin that contains Microsoft's mobile dreams.

Like Us on Facebook

Microsoft acquired Nokia's Devices and Services business back in 2013 for a record $7.1 billion. In July 2015, Microsoft laid off 7,800 employees that were part of that acquisition and took an impairment charge of $7.6 billion.

What remains after that was the feature phone portion of the business, which was sold last week for $350 million. With the latest announcement from Microsoft, the company's smartphone hardware arm is finally wiped out. Due to this business decision, Microsoft will pay approximately $950 million for impairment charge with $200 million going to severance pay.

Regarding the 1,850 employees losing their job, 1,350 are from Finland, Nokia's native country. The job cuts are considered the final rinsing process for Microsoft to get rid of what remains of Nokia.

Microsoft has gone as far as stating that Nokia's sales division is protected, and that the job cuts are focused entirely on Microsoft's Mobile Oy.

In a statement acquired by Ars Technica, Microsoft chief executive officer Satya Nadella said, "We are focusing our phone efforts where we have differentiation - with enterprises that value security, manageability and out Continuum capability, and consumers who value the same."

When Microsoft finally decided to let go of its feature phone business, the company released a weirdly-worded statement with a commitment to "support" Windows Phone devices.

Many tech analysts have interpreted the latest move as Microsoft's way of saying that it is done with the manufacturing of mobile devices. What Microsoft wants now is to allow third-party manufacturers like HP, Acer, and VAIO to take over, according to Engadget.

TagsMicrosoft, Nokia, Microsoft mobile, mobile platform, mobile, Nokia devices, Nokia News, Microsoft news