Microsoft bangs the final nail in Nokia Devices’ coffin, will lay off 1,850

[kakatiya]

Satya Nadella and former Nokia CEO Stephen Elop during happier times. Elop got the boot in 2015.

The last remaining vestiges of Nokia at Microsoft are being closed down as the company "streamlines" its smartphone hardware business. "Up to 1,850" people will lose their jobs (1,350 in Finland, 500 elsewhere) as the company essentially exits the phone market.

Microsoft bought Nokia's Devices and Services business in 2013 for $7.1 billion. In July last year, Microsoft laid off 7,800 of the staff from that acquisition and took an impairment charge of $7.6 billion. The remaining feature phone portion of the business was sold off last week for $350 million. With today's announcement, the smartphone hardware business is being all but wiped out. There will be one last impairment charge of approximately $950 million, of which $200 million is severance pay.

CEO Satya Nadella insists that the company

[perugu_vada]

Asalu ah nokia acquire cheyatame microsoft chesina picha pani

[BUDDY]

2 minutes ago, perugu_vada said:

Asalu ah nokia acquire cheyatame microsoft chesina picha pani

i think they acquired it for the patents

[mastercheif]

3 hours ago, BUDDY said:

i think they acquired it for the patents

nice angle

[Amazing_ZingZing]

3 minutes ago, mastercheif said:

nice angle

ok

[k2s]

12 hours ago, kakatiya said:

Satya Nadella and former Nokia CEO Stephen Elop during happier times. Elop got the boot in 2015.

The last remaining vestiges of Nokia at Microsoft are being closed down as the company "streamlines" its smartphone hardware business. "Up to 1,850" people will lose their jobs (1,350 in Finland, 500 elsewhere) as the company essentially exits the phone market.

Microsoft bought Nokia's Devices and Services business in 2013 for $7.1 billion. In July last year, Microsoft laid off 7,800 of the staff from that acquisition and took an impairment charge of $7.6 billion. The remaining feature phone portion of the business was sold off last week for $350 million. With today's announcement, the smartphone hardware business is being all but wiped out. There will be one last impairment charge of approximately $950 million, of which $200 million is severance pay.

CEO Satya Nadella insists that the company

Nice

[mastercheif]

 

[VizagRocks]

31 minutes ago, mastercheif said:

 

prathi daaniki video naa.

[VizagRocks]

5 hours ago, BUDDY said:

i think they acquired it for the patents

patents pettukoni em chestaaru? trolling aa?

big companies are doomed to make 9/10 horrible decisions. No company can escape it.