Cutting Jobs, Microsoft Turns Page on Nokia Deal:
But on Wednesday, the current CEO of Microsoft, Satya Nadella, tried to leave the matter in the past. He announced a major review of the strategy of the telephone company, a
change that includes cutting 7,800 jobs up, especially the telephony
sector, and the cancellation of almost the entire value of the
acquisition of Nokia.
The measure is a clear recognition that the agreement was a strategic mistake of billions by Mr. Ballmer, who was seen as a way to make Microsoft more competitive in the mobile market dominated by Apple, Google and Samsung. Mr. Nadella have hated the acquisition originally, but has publicly supported after becoming CEO.Continue reading the main storyRelated Coverage
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Satya Nadella, the CEO of Microsoft, in a speech this month in Bellevue, Washington. The company was reoriented.
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"It's a headache that inherited Nadella," Daniel Ives, an analyst at FBR Capital Markets said. "Ballmer really clean up the mess."
The job cuts amount to more than 6 percent of the global workforce Microsoft. Combined with 18,000 job cuts last year, most of them also related to the acquisition of Nokia, Microsoft finally launched a majority of workers who joined the company as a result of the case.
Microsoft said it would take an accounting charge $ 7,600 million related to the acquisition of the Nokia mobile phones. Nokia completed its acquisition last year of $ 9.5 billion, if Nokia came up with about $ 1.5 million in cash as part of the transaction.
While Microsoft is not going to stop making smartphones, Mr. Nadella said Wednesday that no longer focus on the growth of this company, instead emphasizing the expansion of broad "ecosystem" of products, including mobile phones that run Windows software. Since taking Mr. Nadella increased development of applications and services for Google's Android and Apple iOS devices, many of which were popular with the public.
"I am committed to our first part of devices, including phones," Nadella said in an email to employees of Microsoft. "But we must focus our efforts in the short term phone while driving reinvention."
Most recent layoffs will be out of Microsoft's main base near the city, as in Finland, where Nokia originated. Some 25,000 employees joined Microsoft as a result of the case. In late March, Microsoft had more than 118,000 employees worldwide.
The decline in business in smartphones comes as Mr. Nadella, who became CEO last year, Microsoft has pulled out of the initiatives started by Ballmer.
Mr. Nadella sent an email to the entire company in late June to bring all employees for next year. He also warned in the message that Microsoft would have to "make tough decisions in areas where things are not working and solve difficult problems in ways that create value for customers."
Also in June, Microsoft said it sold its business of display advertising to AOL, Microsoft left a company that once had high hopes. In 2012, the company reported how his ambitions were sprayed in the region when it took an accounting charge of $ 6.2 billion in connection with the acquisition of aQuantive, an advertising company online.
AdvertisingContinue reading the main story
AdvertisingContinue reading the main story
AdvertisingContinue reading the main story
Microsoft continued to lose market share in smartphones from the company's acquisition of Nokia phones. The company has managed to reverse the Windows Phone operating system, running on their phones in a dynamic alternative to the two major mobile platforms, Apple iOS and Google Android.
Last month, the company said Stephen Elop, former general manager of Nokia which became a leading Microsoft CEO after the acquisition, monitoring their business devices, would Microsoft.
Instead of attending to all buyers of smartphones, Microsoft said it would reduce its attention to three types of customers: business users who want management applications, strong security and productivity; buyers looking for cheap cell phones; and Windows fans.
Microsoft said that $ 7.6 billion charge was made during its fiscal fourth quarter ended June 30, and that would be a non-cash charge reflecting the lower business performance of smartphones, which continued to lose money and market share. Microsoft said it would also take a restructuring charge of $ 750 million cash to $ 850 in respect of redundancies.
Investors had a muted reaction to the news, with shares in the company by 0.1 percent to $ 44.24, for the day.
Ballmer Nokia acquired largely due to an alliance between the two companies was in danger, with the prospect of Microsoft's mobile business could have collapsed completely. When the deal was announced in 2013, Nokia was the largest manufacturer of phones based on Windows Phone, which is still true today. But there was fear within Microsoft that Nokia could change allegiance to Android, the more popular that Google mobile operating system.
Ballmer could not be reached for comment.
January Dawson, research analyst Jackdaw, said that Nokia surpassed this agreement, Microsoft purchased a couple of years to find a formula for success in the smartphone market. Now it is preparing to launch a new version of its operating system, Windows 10, which will run on a wide range of devices, including smart phones, computers, tablets and Xbox.
Microsoft hopes to have a common ground between these devices will attract more interest from software developers, which could make its smartphones more attractive to consumers. Meanwhile, Mr. Nadella launched versions of its Office applications for Android and iOS have been critical successes and mobile users, creating a bright spot for expanded mobile business. The prospects for its smartphone business remain obscure, many analysts believe.
The measure is a clear recognition that the agreement was a strategic mistake of billions by Mr. Ballmer, who was seen as a way to make Microsoft more competitive in the mobile market dominated by Apple, Google and Samsung. Mr. Nadella have hated the acquisition originally, but has publicly supported after becoming CEO.Continue reading the main storyRelated Coverage
Satya Nadella, CEO of Microsoft, focuses on new research as a means to stimulate growth.
Microsoft (yes, Microsoft) has a Far-Out Vision April 30, 2015
Stephen Elop, former CEO of Nokia, was the first group of devices Microsoft.
4 executives of Microsoft to leave at the top level shake-UpJUNE 17, 2015
Satya Nadella, the CEO of Microsoft, in a speech this month in Bellevue, Washington. The company was reoriented.
AOL's agreement with Microsoft to support ad BusinessJUNE 29, 2015
"It's a headache that inherited Nadella," Daniel Ives, an analyst at FBR Capital Markets said. "Ballmer really clean up the mess."
The job cuts amount to more than 6 percent of the global workforce Microsoft. Combined with 18,000 job cuts last year, most of them also related to the acquisition of Nokia, Microsoft finally launched a majority of workers who joined the company as a result of the case.
Microsoft said it would take an accounting charge $ 7,600 million related to the acquisition of the Nokia mobile phones. Nokia completed its acquisition last year of $ 9.5 billion, if Nokia came up with about $ 1.5 million in cash as part of the transaction.
While Microsoft is not going to stop making smartphones, Mr. Nadella said Wednesday that no longer focus on the growth of this company, instead emphasizing the expansion of broad "ecosystem" of products, including mobile phones that run Windows software. Since taking Mr. Nadella increased development of applications and services for Google's Android and Apple iOS devices, many of which were popular with the public.
"I am committed to our first part of devices, including phones," Nadella said in an email to employees of Microsoft. "But we must focus our efforts in the short term phone while driving reinvention."
Most recent layoffs will be out of Microsoft's main base near the city, as in Finland, where Nokia originated. Some 25,000 employees joined Microsoft as a result of the case. In late March, Microsoft had more than 118,000 employees worldwide.
The decline in business in smartphones comes as Mr. Nadella, who became CEO last year, Microsoft has pulled out of the initiatives started by Ballmer.
Mr. Nadella sent an email to the entire company in late June to bring all employees for next year. He also warned in the message that Microsoft would have to "make tough decisions in areas where things are not working and solve difficult problems in ways that create value for customers."
Also in June, Microsoft said it sold its business of display advertising to AOL, Microsoft left a company that once had high hopes. In 2012, the company reported how his ambitions were sprayed in the region when it took an accounting charge of $ 6.2 billion in connection with the acquisition of aQuantive, an advertising company online.
AdvertisingContinue reading the main story
AdvertisingContinue reading the main story
AdvertisingContinue reading the main story
Microsoft continued to lose market share in smartphones from the company's acquisition of Nokia phones. The company has managed to reverse the Windows Phone operating system, running on their phones in a dynamic alternative to the two major mobile platforms, Apple iOS and Google Android.
Last month, the company said Stephen Elop, former general manager of Nokia which became a leading Microsoft CEO after the acquisition, monitoring their business devices, would Microsoft.
Instead of attending to all buyers of smartphones, Microsoft said it would reduce its attention to three types of customers: business users who want management applications, strong security and productivity; buyers looking for cheap cell phones; and Windows fans.
Microsoft said that $ 7.6 billion charge was made during its fiscal fourth quarter ended June 30, and that would be a non-cash charge reflecting the lower business performance of smartphones, which continued to lose money and market share. Microsoft said it would also take a restructuring charge of $ 750 million cash to $ 850 in respect of redundancies.
Investors had a muted reaction to the news, with shares in the company by 0.1 percent to $ 44.24, for the day.
Ballmer Nokia acquired largely due to an alliance between the two companies was in danger, with the prospect of Microsoft's mobile business could have collapsed completely. When the deal was announced in 2013, Nokia was the largest manufacturer of phones based on Windows Phone, which is still true today. But there was fear within Microsoft that Nokia could change allegiance to Android, the more popular that Google mobile operating system.
Ballmer could not be reached for comment.
January Dawson, research analyst Jackdaw, said that Nokia surpassed this agreement, Microsoft purchased a couple of years to find a formula for success in the smartphone market. Now it is preparing to launch a new version of its operating system, Windows 10, which will run on a wide range of devices, including smart phones, computers, tablets and Xbox.
Microsoft hopes to have a common ground between these devices will attract more interest from software developers, which could make its smartphones more attractive to consumers. Meanwhile, Mr. Nadella launched versions of its Office applications for Android and iOS have been critical successes and mobile users, creating a bright spot for expanded mobile business. The prospects for its smartphone business remain obscure, many analysts believe.
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