Microsoft announces 7, 800 job cuts after Nokia deal
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Microsoft announces 7, 800 job cuts after Nokia deal
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Microsoft announces 7, 800 job cuts after Nokia deal

(AGI) New York, July 8 - U.S. tech giant Microsoft said onWednesday that it will cut 7,800 jobs as it attempts to reviveits flagging phone hardware business - starting with arestructuring costing 750 to 850 million dollars. The companyis also writing off 7.6 billion dollars related to itsacquisition of the Nokia phone business. This is the secondround of layoffs in a year for the software giant, which in2014 had cut 18,000 jobs after taking over Nokia. The operationhas so far failed to increase the market share of Windows Phoneon the smartphone
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(AGI) New York, July 8 - U.S. tech giant Microsoft said onWednesday that it will cut 7,800 jobs as it attempts to reviveits flagging phone hardware business - starting with arestructuring costing 750 to 850 million dollars. The companyis also writing off 7.6 billion dollars related to itsacquisition of the Nokia phone business. This is the secondround of layoffs in a year for the software giant, which in2014 had cut 18,000 jobs after taking over Nokia. The operationhas so far failed to increase the market share of Windows Phoneon the smartphone market, estimated at only 3.2 percent in2015. "In the near-term, we'll run a more effective and focusedphone portfolio while retaining capability for long-termreinvention in mobility," said Microsoft CEO Satya Nadella. "Weare moving from a strategy to grow a standalone phone businessto a strategy to grow and create a vibrant Windows ecosystemincluding our first-party device family." The company hashigh hopes for the launch of its new operating system for PCs,Windows 10, available in late July. But things are morecomplicated on the market for smartphones, with competitorslike Samsung and Apple and the operating systems Android andiOS.. .

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