Microsoft To Cut More Jobs From Hardware Business
Microsoft has updated the job cut to additional 2,850 in a regulatory filing on Thursday. In the month of May it announced to be shedding off 1,850 employees.
Based on the latest announcement there will be job cuts of 4,700 globally by the end of fiscal year 2017 of the business technology giant.
The company added job cuts will be mainly in its smartphone hardware segment an worldwide sales unit.
Microsoft acquired the smartphone hardware and services business in 2014 for $7.6 billion from Nokia Corporation, but since then failed to improve the condition of the struggling business. As an aftermath, in June 2015 it announced to cut 7,400 jobs.
“Nokia got Microsoft into the hardware business where no one was betting on Windows Phone, but at a steep price,” said Forrester Research analyst Frank Gillett when the first time job cut was announced.
With so much of job cuts announced repeatedly it is believed the company wants to get out of the hardware business that it inherited only about two years before.
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