Microsoft and Nokia Prepared to Announce Mobile Deal
Microsoft and Nokia have announced that they are holding a joint press conference tomorrow, Wednesday, August 12, at 11AM EST. According to sources cited by CNet, the announcement will likely center around a partnership that brings the mobile versions of Microsoft's Office products to Nokia handsets. The presenters will be Stephen Elop, head of Microsoft's Business Division, and Kai Oistamo, executive vice president of Nokia Devices. The companies declined to provide further details.
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.
Microsoft's Jo Harlow to Depart, Too
Microsoft has confirmed that Jo Harlow, head of the company's mobile phones, will leave alongside device chief Stephen Elop in the weeks ahead. Harlow began at Nokia in 2003 and played a role in Nokia's switch to Windows Phone in 2011.
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.
Nokia Will Design and License Phones Beginning In 2016
Nokia CEO Rajeev Suri said the company will tackle the mobile phone industry again once its non-compete clause with Microsoft expires next year. Nokia no longer owns any manufacturing facilities and will not make its own phones.