See other Business/Finance Articles
Title: Microsoft culls a huge 7,800 jobs GLOBALLY, mostly from phone business
Source:
[None]
URL Source: http://www.tweaktown.com/news/46360 ... stly-phone-business/index.html
Published: Jul 8, 2015
Author: By: Anthony Garreffa
Post Date: 2015-07-08 13:59:52 by HAPPY2BME-4UM
Keywords: MICROSOFT, GLOBAL ECONOMY, MARKET CRASH, UNEMPLOYMENT
Views: 385
Comments: 10
Microsoft slices and dices its phone business, with a huge $7.6 billion write off and 7,800 jobs cut (NASDAQ:MSFT, NYSE:NOK) Microsoft has just announced that it is cutting a huge 7,800 jobs from its phone business, while it also writes off $7.6 billion in relation to its acquisition of Nokia's Devices and Services Division. Considering Microsoft paid $7.2 billion for Nokia's phone business last year, this is quite the check to write. Satya Nadella, Microsoft CEO, explains: "We are moving from a strategy to grow a standalone phone business to a strategy to grow and create a vibrant Windows ecosystem including our first-party device family. In the near-term, we'll run a more effective and focused phone portfolio while retaining capability for long-term reinvention in mobility". Keep in mind Nadella said back in April that there would be 18,000 job cuts in the next 12 months, these additional 7,800 job losses will add up to over 25,000 employees laid off by Microsoft in just over a 12-month period. Poster Comment: =================================================================== Miker$oft is betting the farm on this month's release of Windows 10, which is a 'FREE SUBSCRIPTION' upgrade. 'Upgrade' is 'free' for all Windows 7 and 8 systems. Industry speculation abounds that this 'free' upgrade will turn into a paid subscription service after one year.
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
Begin Trace Mode for Comment # 10.
#1. To: HAPPY2BME-4UM (#0)
Anybody gets and tries it, please report. What do Windows users do if MS folds? Go to Mac, is it that simple?
When my olde XP machine finally gave up the ghost in '12, I installed a new iMac27 that had been resting in a guest room for well over a year, got things going in well-under an hour, and haven't looked back since. A truly superior computing experience here.
There are no replies to Comment # 10. End Trace Mode for Comment # 10.
Top • Page Up • Full Thread • Page Down • Bottom/Latest
#10. To: NeoconsNailed, 4 (#1)
Replies to Comment # 10.