Microsoft today announced that it's cutting 18,000 jobs, the biggest round of job cuts in its history, as part of its ongoing restructuring efforts. In a release, the company says that Nokia's Devices and Services business, which it acquired for $5 billion earlier this year, will be most affected, with 12,500 "professional and factory positions" expected to go by the end of the year. In an email to employees, Microsoft CEO Satya Nadella explains that the company's new strategy is designed to make it "more agile" moving forward, allowing different teams within its structure to work more freely from each other. Commenting specifically on Nokia, Nadella also hinted that Microsoft could end development of the company's Android-powered X smartphone portfolio, by shifting "select Nokia X product designs to become Lumia products running Windows." The company is now expected to focus heavily on reversing the declining market share of its Windows platforms, while investing more in the cloud.
Filed under: Microsoft
Source: Microsoft
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