Microsoft will lay off 7,800 people related to Nokia acquisition
Microsoft announced Wednesday it will lay off 7,800 people, primarily around the Nokia business. The company also plans to write off $7.6 billion related to the Nokia acquisition.
Microsoft (Nasdaq: MSFT) paid $7.2 billion for Nokia in an attempt to save its struggling Windows Phone business.
This decision makes it clear: Windows Phone’s days are numbers.
Microsoft announced massive layoffs last July, and the Nokia team was hit the hardest then as well. According to Microsoft, 12,500 of the 18,000 layoffs last year were a result of the Nokia acquisition.
CEO Satya Nadella has made it clear he is taking the company away from the “devices and services” mantra of his predecessor and toward the “mobile-first, cloud-first” concept that puts Microsoft software on as many devices as possible, regardless of what company makes them.
Read more here from the Puget Sound Business Journal.