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Microsoft to End Smartphone Manufacturing, Says Union Representative

Microsoft announced Wednesday it would let go up to 1,850 employees and a Finnish union called it the end of the company’s smartphone manufacturing business, bought from Finnish telecom equipment maker Nokia. 334 kata lagi

IT News

Microsoft pulls plug on consumer smartphones, axes another 1,850 jobs

”Microsoft is further scaling back its flagging phone business, exiting the consumer market and cutting another 1,850 jobs,” Ina Fried reports for Recode. “As part of the move announced Wednesday, Microsoft will take a $950 million charge and cut what little remained of its Finland-based phone hardware business, unwinding the last of its disastrous $7.2 billion acquisition of Nokia’s phone unit.” 270 kata lagi


Microsoft Plans 1,850 Layoffs As It Revamps Mobile Phone Business

Microsoft’s $9.5 billion acquisition of the Nokia phone handset business in 2014 is even more of a bust than the company recognized last year when it cut  7,800 jobs — about 7% of its workforce– and took a $7.6 billion impairment charge related to the purchase. 259 kata lagi

Breaking News

Microsoft to Cut 1,850 Jobs in Further Smartphone Pullback

Microsoft is continuing to scale back its smartphone business, announcing plans to lay off up to 1,850 employees, as the tech giant has failed to gain traction against Apple and Google Android devices. 308 kata lagi


Microsoft may cut 1,850 jobs as Nadella pares phone ambitions

(Source: www.businesstimes.com.sg)

Microsoft Corp will cut as many as 1,850 jobs and take a new impairment charge as chief executive officer Satya Nadella pares back the company’s ambitions in smartphones. 439 kata lagi

Money Matters

Microsoft has dealt a massive blow to its phone business—and Finland

Microsoft just laid off 1,350 people at its mobile phone business in Finland, with another 500 people fired globally. It’ll pay out $200 million in severance, and the whole exercise will cost $950 million in total, the company said in a statement. 312 kata lagi