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05-25-2016, 02:37 PM
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Microsoft Lays Off **kia Employees, Exits Consumer Phone Business
Microsoft has laid off hundreds of employees tied to its smartphone business, as the company finally Exits the Consumer Phone market and attempts to streamline its worldwide mobile division (via The Verge).
The move will impact up to 1,850 jobs worldwide, said Microsoft's head of ******* and devices Terry Myerson, while up to 1,350 of the positions will be in Finland. The cuts are expected to be completed by the year's end.  The move signals the final nail in the coffin for Microsoft's **kia business, which the company acquired under former CEO Steve Ballmer's management for $7.2 billion in 2014. Today's an**uncement will see $950 million written off, adding to the $7.6 billion the company wrote off last year when it cut 7,800 jobs to refocus its ******* Phone plans. Microsoft is **w shorn of almost all of its 25,000 former **kia Employees, and will only retain a small number in R&D roles. Last week, the company an**unced it was selling off its feature Phone Business to FIH Mobile, a subsidiary of Foxconn, for $350 million. All indications point to an end of Microsoft's Lumia phones and a focus on a single Surface phone, with Myerson promising "great new devices" in an internal memo to Employees, although he withheld any specific timeframe. The immediate focus for Microsoft and its new CEO, Satya Nadella, is more likely to remain on bringing the company's software and services to iOS and Android devices, rather than risk a**ther Consumer Phone failure anytime soon. Microsoft has been scaling back its Consumer Phone ambitions ever since its ill-fated **kia mobile acquisition two years ago. **kia meanwhile has shown far loftier ambitions, last month an**uncing its acquisition of French health tracking company Withings for an estimated $192 million, as it seeks to expand into the Consumer electronics market while maintaining its networking and commercial VR business. Tags: Microsoft, ******* Phone, **kia Discuss this article in our forums أكثر... ??????? ??????: Microsoft Lays Off **kia Employees, Exits Consumer Phone Business || ??????: ahlam1399 || ??????: اسم منتداك
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