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 and Microsoft-branded Windows Phones have struggled to gain traction with consumers. The Times' suggests Microsoft may be forced to write down a loss on the smartphone unit later this month. Other parts of the business will see headcount reductions, as well. As of March, Microsoft had about 118,000 employees globally. Last year, Microsoft said it planned to drop 18,000 employees. These new cuts are in addition to those already announced. Microsoft CEO Satya Nadella recently warned that the company has to "make some tough choices in areas where things are not working and solve hard problems in ways that drive customer value." Former Nokia executives Stephen Elop and Jo Harlow, along with a handful of other executives, were recently shown the door. Microsoft did not confirm the Times' report, which was based on the comments of unnamed sources.
Microsoft to Cut 1,850 Smartphone Workers
May 25, 2016
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.
Sprint to Cut Headcount and $2.5 Billion in Costs
Oct 2, 2015
Sprint is prepared to reduce expenses by as much as $2.5 billion over the next year, reports the Wall Street Journal, and is likely to cut jobs to help it reach that goal. An internal memo sent to staff by CFO Tarek Robbiati obtained by the Journal said the cuts "inevitably will result in job reductions." Sprint had about 31,000 employees as of March.
Qualcomm Weighing Potential Breakup and Job Cuts
Jul 21, 2015
Qualcomm is preparing to conduct an in-depth review of its corporate strategy that could lead to the company breaking into several separate entities, reports the Wall Street Journal. Activist investors have begun to push Qualcomm towards a possible split, which would see the company's chip-production and patent-licensing businesses pulled apart.
‘Subscribe with Google’ to Ease Pain of Subscribing to News Sources
Mar 20, 2018
Google today announced Subscribe with Google, an easy way for people to subscribe to and pay for select news sources. Google has worked with a number of publishers over the last six months to develop the service.