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

[Quickgun_murugan]

6 minutes 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

Details eyyu

[timmy]

2 minutes 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

[kakatiya]

emundhi 7 billion dollars bookka.. asalu hardware side enduku vahcaro veelu..

sathay nadella doing right job ..

[sattipandu]

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