Microsoft Further Trims Smartphone Division Jobs
Sumaira FH Published July 29, 2016 | 11:12 AM
SAN FRANCISCO, (APP - UrduPoint / Pakistan Point News - 29th july,2016) - microsoft is cutting more jobs from its smartphone hardware and global sales divisions by shedding an additional 2,850 positions, the company said Thursday. The news came in a corporate annual report filing to the US Securities and Exchange Commission. It noted the company had announced in May it was cutting 1,850 jobs and that the new cuts were "an extension of the earlier plan." The cuts are expected to be completed by the end of June 2017.
As of late last month, Microsoft employed about 114,000 people. Part of Microsoft's strategy "involves focusing our phone devices on a narrower range of customer categories and differentiating through the combination of hardware and software we are uniquely positioned to offer," the filing said.
"As anticipated, our change in phone strategy resulted in a reduction in units sold and associated expenses in fiscal year 2016, and this trend is expected to continue in fiscal year 2017." Microsoft purchased Nokia in 2013 in a bid to get a leg up in mobile. Nokia was the world's leading mobile phone maker from 1998 until 2011 when it bet on Microsoft's Windows mobile platform which proved to be a flop. The Finnish company sold its unprofitable handset unit in 2014 for some $7.2 billion to Microsoft, which is closing the entire unit.
Afghanistan win three-run thriller, but Sri Lanka take T20 series
Caretaker Minister for National Food Security and Research Dr Kausar Abdullah Ma ..
AJK observes Mother Language Day
Australian High Commissioner calls on Maryam Nawaz
AJK PM forms a committee for transparent purchase of medicines for public sector ..
Azad Jammu Kashmir Prime Minister Chaudhry Anwar ul Haq urges UN to take measure ..
'It's frightening': YouTubers split over OpenAI's video tool Sora
Caretaker CM Punjab visits stadium to watch PSL
Commercial spaceship set for lunar touchdown, in test for US industry
Lahore Literary Festival to start from 23rd
Swiatek downs Svitolina in Dubai, Gauff reaches quarter-finals
Tennis: WTA Dubai Open results
More Stories From World
Fan protests torpedo billion-euro Bundesliga investor deal5 minutes ago
'It's frightening': YouTubers split over OpenAI's video tool Sora41 minutes ago
UN calls Gaza's humanitarian situation 'inhumane'; people 'hanging by a thread'55 minutes ago
Two dead, two hurt in Dutch bridge accident55 minutes ago
Senegal candidates decry delay in setting new poll date55 minutes ago
EU answers telecom industry's call for sector overhaul55 minutes ago
Indigenous Colombians fret as sacred mountain glaciers melt55 minutes ago
China, India hold 21st Corps Commanders level meeting54 minutes ago
Gaza, Ukraine loom large as G20 foreign ministers meet2 hours ago
UNSC must take action to push for a ceasefire in Gaza: Chinese spokesperson2 hours ago
South Africa sets general election for May 293 hours ago
China says Taiwan seeking to 'hide the truth' about deadly boat incident4 hours ago