Microsoft CEO, Satya Nadella, had announced plans earlier in the year to let go of 18,000 employees globally, including about 12,500 associated with Nokia devices:
We are moving from a strategy to grow a standalone phone business to a strategy to grow and create a vibrant Windows ecosystem, including our first-party device family. In the near-term, we’ll run a more effective and focused phone portfolio, while retaining capability for long-term reinvention in mobility.
Microsoft was committed to our first-party devices, including phones, but needed to focus its phone efforts in the near term.Advertisement
Microsoft plans to write off $7.6 billion from the acquisition of Nokia. The company paid $7.2 billion for the Nokia mobile division in 2014.
Furthermore, Nadella reveals that the company will not be killing the Lumia smartphone line, with promises of a flagship release, later in the year, which will run the new Windows 10 OS.
Jan. 25: New Built in Africa episode – Selar: End-to-end eCommerce platform for Africa’s passion economy
On March 25, 2021, Techpoint Africa will be hosting the brightest minds in decentralised finance/crypto at the Digital Currency Summit tagged “Building the money of the future” Click here for more details, registration and sponsorship. Location: Fourpoint by Sheraton, V.I. Lagos.