Microsoft's CEO decided to start on the clean in the phone business, announcing a complete writeoff of the Nokia acquisition yesterday, to the tune of $7.8 billion, or about the same it paid for the struggling Finnish phone maker last year. In addition, Microsoft will gradually be nixing 7800 jobs, the vast majority of which will be from Nokia's ex-Devices and Services division, thus leaving only one in four employees from the Nokia that were when it was gobbled up.
It's a pretty smart move on behalf of the new CEO Satya Nadella, who was against the Nokia acquisition in the first ...
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