KSrelief signs cooperation pacts to support Syria    Riyadh Chamber warns unlicensed foreign IT firms harming local companies    Al-Rajhi launches Regulation on Occupational Fitness and Non-Communicable Diseases Examinations    NCM: Increased rainfall expected in Saudi Arabia during this fall    PIF signs MoU with Macquarie Asset Management to boost investments in infrastructure and energy transition    Saudi Real GDP records growth of 3.9% in Q2 2025    South Korea reaches deal to bring home citizens detained in US Hyundai raid    Duped of millions in 'digital arrest', Indian woman seeks answers from banks    Thousands pay their last respects to Giorgio Armani, private funeral on Monday    French doctor goes on trial for poisoning 30 patients, 12 fatally    Saudi skies witness rare Blood Moon total lunar eclipse    European leaders to visit US to discuss war in Ukraine, Trump says    The key to happiness    Saudi Justice Ministry to host 2nd International Conference on Judicial Training in Riyadh    OPEC+ to increase further oil output in October    Gamers frustrated as Hollow Knight: Silksong crashes stores on launch    'My mother was my shelter and storm': Arundhati Roy on her fierce new memoir    Mike Tyson and Floyd Mayweather Jr. set to meet in exhibition boxing match in 2026    Al Hilal sign Turkish defender Yusuf Akcicek on €22m deal until 2029    Al Qadsiah sign German midfielder Julian Weigl to strengthen defensive midfield    Al Ahli secure Flamengo starlet Matheus Gonçalves in long-term deal through 2027    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Smartphone fallout: Microsoft to cut up to 7,800 jobs
Published in Saudi Press Agency on 08 - 07 - 2015


Microsoft announced more fallout
Wednesday from its ill-fated acquisition of Nokia's mobile handset
division, saying it would eliminate up to 7,800 jobs and write off
7.6 billion dollars (6.9 billion euros) in a "fundamental
restructuring" of its phone business, according to dpa.
Additionally, the company will pay restructuring costs of 750 to 850
million dollars (679 to 769 million euro), it said in a press
release.
Microsoft chief executive Satya Nadella said the company would drop
plans for an independent phone business.
"We are moving from a strategy to grow a standalone phone business to
a strategy to grow and create a vibrant Windows ecosystem that
includes our first-party device family," Nadella said in an email to
employees.
Microsoft acquired the Finnish telecommunications company's mobile
phone business and patents for a combined 5.44 billion euro in the
spring of 2014, hoping to increase its share of the mobile phone
market.
The move failed, and a year ago, Microsoft announced it would slash
18,000 jobs, mostly from Nokia.
Once the world's leading mobile phone maker, Nokia has in recent
years been overtaken by Apple and Android-system smartphones. In
2011, the company joined Microsoft in a strategic partnership, opting
to use Microsoft's Windows Phone operating system in an attempt to
regain ground.
The Finnish government said it was "disappointed" with the new cuts.
Microsoft has about 3,200 employees in Finland, 2,300 of whom will be
affected, the government said.
Finland said it would propose measures to fund regional aid and
re-employment when parliament convenes in September after the summer
recess.


Clic here to read the story from its source.