Microsoft is laying off 1,850 to “streamline” its smartphone business, takes $950M charge


Following last week’s news of Microsoft selling off its feature phone business for $350 million, today Microsoft turned its attention to smartphones: the company announced it would lay off 1,850 staff and take a charge of $950 million, including $200 million in severance payments, as it “streamlines” the business to focus on enterprises and niche areas where it feels it can better differentiate.

“We are focusing our phone efforts where we have differentiation — with enterprises that value security, manageability and our Continuum capability, and consumers who value the same,” said Satya Nadella, chief executive officer of Microsoft, in a statement. “We will continue to innovate across devices and on our cloud services across all mobile platforms.”

On one hand,…

Read Story

Related Post