Sunday, 23 September 2018

Microsoft in $7.6bn Nokia writedown, 7,800 jobs to go

By Nick Wood, Total Telecom
Wednesday 08 July 15

Software giant expects restructuring costs of up to $850 million as it looks to integrate phone business more closely with its Windows ecosystem.

Microsoft on Wednesday took a $7.6 billion haircut on its Nokia hardware assets and announced it will cut 7,800 jobs as it reorganises its ailing phone division. The U.S. software giant said it wants to align its Nokia Devices and Services (NDS) business more closely with its core operations and narrow its focus to three customer segments: corporate users, value customers, and high-end consumers. As has become the norm at Microsoft, the bad news was broken to staff in an email from CEO Satya Nadella…

Microsoft on Wednesday took a $7.6 billion haircut on its Nokia hardware assets and announced it will cut 7,800 jobs as it reorganises its ailing phone division. The U.S. software giant said it wants to align its Nokia Devices and Services (NDS) business more closely with its core operations and narrow its focus to three customer segments: corporate users, value customers, and high-end consumers. As has become the norm at Microsoft, the bad news was broken to staff in an email from CEO Satya Nadella…

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