Opinion: PayPal is the latest company to join a long list to ditch support for the “fringe” phone operating systems: Microsoft’s Windows Phone, BlackBerry and Amazon’s Fire OS. This decision comes on the heels of Microsoft’s announcement...Show More Summary
You may have already heard the news that Microsoft has plans to slash even more jobs from its mobile division, effectively burying the Nokia business that it bought for US$7.1 billion just three years ago. Has Microsoft given up on competing in the lucrative smartphones space? Not quite. More »
Microsoft has announced that they will write down $950million on their smartphone business. Remember, Microsoft paid Nokia for $7.2bil back in 2014, and the current total write downs so far is at $7.6bil! Wow. They also announced that they will lay off 1850 jobs (at least, Microsoft has set aside $200mil for severance packages). Show More Summary
After 1,350 job cuts in Finland this week Finance Minister Alexander Stubb has criticized Microsoft for breaking promises it made 2 years ago when it purchased Nokia’s mobile assets, to keep research and development jobs in Finland, and generally keep it a tech hub for the company. “I am disappointed because of the (initial) promises made by Microsoft,” Finance […]
Microsoft is on a killing spree lately. First it was the remaining bits of the phone business they acquired from Nokia, now they’ve set their sights on your crappy passwords. Last week, someone […]
Microsoft is shutting down mobile device R&D operations in Finland, costing the country of over 5.4 million a staggering 1,350 jobs. This was a death knell to Microsoft's attempt to become a major player on the mobile phone market; its attempt to do so through the purchase of Nokia proved to be a failure of historic proportions.
Three years and $8 billion later, Microsoft is slashing 1,850 jobs at Nokia.
Two years after it bought Nokia’s mobile phone division for $7.2 billion, it seems Microsoft is giving up on its own Windows Phone platform as well as its smartphone business on the whole. In a major announcement, the Redmond based software giant confirmed significant cuts to its smartphone business on Wednesday. Show More Summary
If we needed any more confirmation that Microsoft's Nokia acquisition was a disaster, it came today in the form of another 1,850 layoffs, mostly from legacy operations in Finland. That's in addition to the nearly 8,000 heads that rolled...Show More Summary
Microsoft removes remaining shrapnel from Nokia deal
Microsoft announced today that it would lay off the last Nokia employees and take a $950 million hit to write down its Nokia purchase. RIP Windows 10 Mobile.
It only took three years and about $8 billion.Video provided by Newsy
NEW YORK (AP) — Microsoft said Wednesday it will cut up to 1,850 jobs and take a $950 million hit to its books as it attempts to salvage its rocky entrance into the smartphone market. The company acquired Nokia’s phone business in 2014 for $7.3 billion, hoping to expand its share of the fast-growing mobile […]
Early Wednesday morning, Microsoft announced further reductions to its smartphone hardware business, including the elimination of up to 2,000 jobs, mostly in Finland, where Nokia was based. This is on top of more than 25,000 layoffs related to its smartphone business since it bought Nokia in 2014. This chart from Statista shows why. Show More Summary
The rollercoaster ride that saw Microsoft acquire Nokia has come to an abrupt end, and around 1850 former Nokians are about to be tossed clear from the train. Of those workers, 1,350 are […]
Microsoft will cut up to 1,850 jobs and book an approximately $950-million writedown as it attempts to salvage its rocky entrance into the smartphone market. The company acquired Nokia's phone business in 2014 for $7.3 billion, seeking to capitalize on the fast-growing industry. But by summer...
HELSINKI (Reuters) - Microsoft Corp announced more big cuts to its smartphone business on Wednesday, just two years after it bought handset maker Nokia in an ill-fated attempt to take on market leaders Apple and Samsung. The U.S. company said it would shed up to 1,850 jobs, most of them in Finland, and write down $950 million from the business. Show More Summary
Nokia, which hosted India Innovation Day 2016 on Tuesday, demonstrated the benefits of fifth-generation networks.
Microsoft on Wednesday announced a restructuring of its mobile hardware group that will see as many as 1,850 employees -- most of them former Nokia staffers -- lose their jobs as the company looks to right the listing smartphone shi...