Microsoft to Slash 7,800 Jobs, Restructure Phone Biz
Microsoft today announced significant job cuts and plans to restructure its mobile phone business unit. The company will eliminate 7,800 jobs, mostly from its phone business, and streamline its portfolio of smartphones. The company said it will record a charge of about $7.6 billion in assets related to the Nokia Devices and Services acquisition, as well as another $750 million to $850 million in restructuring charges. The company warned as recently as last month that it faced tough choices. It recently cut former Nokia executives and agreed to transfer some engineering employees and assets to Uber. "We are moving from a strategy to grow a standalone phone business to a strategy to grow and create a vibrant Windows ecosystem including our first-party device family," said Nadella in an email to Microsoft employees. "In the near-term, we'll run a more effective and focused phone portfolio while retaining capability for long-term reinvention in mobility. We plan to narrow our focus to three customer segments where we can make unique contributions and where we can differentiate through the combination of our hardware and software. We'll bring business customers the best management, security and productivity experiences they need; value phone buyers the communications services they want; and Windows fans the flagship devices they'll love. In the longer term, Microsoft devices will spark innovation, create new categories and generate opportunity for the Windows ecosystem more broadly. Our reinvention will be centered on creating mobility of experiences across the entire device family including phones." Microsoft said the prospects for its smartphone business are below original expectations. The company expects the bulk of today's actions to be finalized before the end of 2015. The $7.6 billion write-down exceeds the $7.2 billion Microsoft spent to acquire Nokia in 2014.
Microsoft Makes Branding Change Official
Microsoft today indicated its branding transition from Nokia Lumia to Microsoft Lumia is progressing as planned. Microsoft has slowly been rebranding apps, services, and web sites from Nokia to Microsoft.
Microsoft to Cut 1,850 Smartphone Workers
Microsoft today said it plans to further streamline its smartphone business, an action that includes job cuts and restructuring charges. The company plans to cut 1,350 jobs from its facilities in Finland, as well as another 500 jobs globally.
Microsoft Prepared to Cut More Jobs
Microsoft is planning to announce a new round of layoffs as early as today, reports the New York Times. Many of the cuts will target employees in Microsoft's hardware group, such as the smartphone unit it bought from Nokia in 2014.
Microsoft Reorganizes Execs, Stephen Elop to Leave
Microsoft CEO Satya Nadella has moved around some of the top executives at the company and some are leaving Microsoft. Among those headed out the door is Stephen Elop, who helmed the company's device business.
they should close this biz
the only way for them to catch up... bring the $$$ down by like alot or maybe get rid of the stupid microsoft software and those tiles!