Belfast Telegraph

UK Website Of The Year

Microsoft to lose 7,800 jobs within its phone sector

By Staff Reporter

Published 09/07/2015

Microsoft paid $7.3bn (£4.7bn) for Nokia's phone business in April 2014
Microsoft paid $7.3bn (£4.7bn) for Nokia's phone business in April 2014

Microsoft will cut 7,800 jobs and take a $7.6bn (£4.9bn) impairment charge to restructure its flagging phone hardware business.

The company paid $7.3bn (£4.7bn) for Nokia's phone business in April 2014 in an effort to focus on mobile phones and internet services priorities for the company as its traditional software business slowed.

But Microsoft's Windows Phone system has gained little traction against Apple's iPhone and Google's Android system.

Microsoft has been operating in the Republic for 30 years. And earlier this year the firm announced plans to build a new €134m (£97m) campus in Dublin.

Now the company says it will write down more than the entire cost of buying Nokia and will also take a $750m (£488m) to $850m (£553m) restructuring charge.

The company is in the midst of a broader restructuring announced last year that includes cutting 18,000 jobs.

Microsoft said it will give more details when it reports earnings on July 21.

Belfast Telegraph

Your Comments

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting?

Read More

From Belfast Telegraph