Microsoft confirms it will lay off 7,800 more employees, mostly from phone division
Microsoft has now confirmed rumors that it plans to lay off 7,800 employees, most of which will come from its phone division.
These new workforce reductions are in addition to the 18,000 Microsoft employees that were laid off in the past 12 months. Microsoft also announced it would record a one time impairment charge of $7.6 billion due to a write down of the company's acquisition of Nokia's Devices and Services division in 2014. There will also be a restructuring charge of approximately $750 million to $850 million. Microsoft stated:
Microsoft expects that the majority of layoffs will be completed by the end of 2015, and all of them will have been made by the end of the company's current fiscal year, which ends on June 30, 2016.
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So many people losing their jobs these days :(
And I'm sure many will find other jobs soon. Some of them, likely, back at Nokia. Posted via the Windows Central App for Android
S.N. You may not have been onboard with the Nokia transaction but this is starting to look poor on your leadership skills. That's a big chunk of now unemployed people.
Perhaps the board should make some "tough choices" and consider terminating your leadership.
And were those just rumors about Bill Gates returning? His legacy is looking a bit tarnished.
Btw. the Finnish will start working for Nokia again as it will start producing smart phones again 1n 2016.
At least that is my hope. I have had iOS and Android, and at this point, I'd rather just go phoneless than deal with those abominations.
Low end - high end - business segment... That's a good approach... Unlike Apple , MS have other OEMs who can fill the gaps that we are going to feel when there are only few Lumias to choose from ... Now HTC - Samsung - LG - etc can make some money from W10M hopefully
Lumia 740 (or 840)
Lumia 940/940 XL SN: NO CARRIER EXCLUSIVES IN THE U.S.