Microsoft cuts up to 1,850 jobs in troubled mobile unitMay 25, 2016 - 16:41 AMT PanARMENIAN.Net - 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 Associated Press reports. The company acquired Nokia's phone business in 2014 for $7.3 billion, seeking to capitalize on and the fast-growing industry. But by last summer it had slashed the value of that business severely and it eliminated 26,000 jobs. Microsoft, under former CEO Steve Ballmer, attempted to leverage its software knowhow to take on increasingly powerful tech rivals, but the company has beat a quick retreat under new CEO Satya Nadella, with the venture taking on water. Nadella has redirected Microsoft to better focus on software and Internet services, AP says. The bulk of the jobs cuts announced Wednesday, May 25 – up to 1,350 positions – are at Microsoft Mobile Oy in Finland. There will also be up to 500 additional jobs trimmed worldwide. Microsoft had 117,354 employees globally at the end of its last fiscal year. Microsoft Corp., based in Redmond, Washington, hopes to complete most of the "streamlining" by year's end, AP says. The company's stock rose slightly in premarket trading. Related links: Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Turkey extends military presence in Azerbaijan The Turkish parliament has adopted a bill submitted by Recep Tayyip Erdogan to extend the mandate of Turkish troops. Russia to begin assessing migrant workers' speaking skills Rosobrnadzor is planning to change the Russian language exam for migrant workers and include an assessment of speaking skills Armenian, Saudi Foreign Minister meet in Riyadh The two commended the positive dynamics of the development of political dialogue between Armenia and Saudi Arabia Pashinyan: Azerbaijan’s proximity shouldn’t worry border residents At the same time, he said that he “does not guarantee [the security of villagers] one hundred percent”. |