Microsoft is getting rid of another 2,850 workers, continuing a turn away from its failed acquisition of Nokia's mobile phone business in 2014, which cost it over $7.2 billion plus later restructuring charges.
Microsoft on Wednesday announced a restructuring of its mobile hardware group that will see as many as 1,850 employees — most of them former Nokia staffers — lose their jobs as the company looks to right the listing smartphone ship.
Microsoft's steady decline in the mobile phone business continues, as the Redmond, Wash., company announced on Wednesday that it will sell the feature phone division it acquired from Nokia to a subsidiary of manufacturer Foxconn for $350 million.
Microsoft on Friday announced the closure of Nokia's former cellphone development unit in Salo, Finland, along with plans to cut up to 2,300 jobs in the country, part of a broader plan to refocus the company and make it more profitable.
Three German carmakers — Audi, BMW, and Daimler — have together agreed in principle to buy Nokia's Here mapping service, in a deal estimated to be worth just over €2.5 billion ($2.71 billion), a report said on Tuesday.
A strategic shift at Microsoft could see as many as 7,800 former Nokia employees lose their jobs this year while the software behemoth absorbs a $7.6 billion write-down on its troubled handset business, the company announced on Wednesday.
Microsoft on Wednesday announced the departure of former Nokia CEO Stephen Elop as part of a broad restructuring at the company, one that will see its Operating Systems Group and Microsoft Devices Group merge into one unit.
Shares of Nokia fell more than 12 percent on Thursday after the company's networking division reported disappointing results. But a bright spot was its "Here" mapping division, which is rumored to be a potential acquisition target for Apple.
Although Nokia's original mobile phone division was sold to Microsoft in 2013, one of the company's three remaining divisions — Nokia Technologies — is planning to re-enter the phone world, a report revealed on Monday.
Finnish telecommunications company Nokia on Wednesday announced that it would bring its Here mapping service — which has not appeared in native form on Apple devices in nearly a year — back to iOS with a new standalone app in early 2015.
In one of its first major product releases as a Microsoft subsidiary, former handset heavyweight Nokia on Tuesday unveiled a new 7.9-inch Android tablet that appears to take a number of cues from Apple's rival iPad mini.
In an interview discussing Finland's recent sovereign debt downgrade, Prime Minister Alexander Stubb said Apple's iPhone and iPad helped kill Nokia and the paper industry, both vital cogs in the country's economy.
Following the sale of its handset division to Microsoft, Finnish telecommunications company Nokia on Wednesday announced that it would expand its consumer offerings with the release of a free navigation app — based on its Here mapping service — for Apple's iOS and Google's Android platforms.
With sales of its flagship Galaxy S5 flagging, Samsung has turned toward hyping its upcoming Note 4 stylus-based phablet using teaser ads targeting the same "for the colorful" characters Apple presented last year using iPhone 5c.
Nokia's Semiconductor Energy Laboratory has unveiled a new kind of OLED display that can be folded like a book while in use, similar to technology that Apple is thought to be exploring for future iPhones and the long-rumored "iWatch."