Biz

More Microsoft Layoffs

|| By FITSNEWS || A year after shedding 18,000 jobs, tech giant Microsoft is making another deep cut to its workforce. The company announced plans this week to cut 7,800 jobs, “primarily in the phone business.”  According to Zero Hedge, Microsoft is likely trying to free up cash “in order to release more…

|| By FITSNEWS || A year after shedding 18,000 jobs, tech giant Microsoft is making another deep cut to its workforce.

The company announced plans this week to cut 7,800 jobs, “primarily in the phone business.”  According to Zero Hedge, Microsoft is likely trying to free up cash “in order to release more funds with which to buy back its struggling stock.”

And why is Microsoft’s stock struggling?

Because its Windows Phone system has failed to compete with Apple’s iOS and Google’s Android.

“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,” CEO Satya Nadella told employees. “In the near-term, we’ll run a more effective and focused phone portfolio while retaining capability for long-term reinvention in mobility.”

Whatever that means …

Microsoft has now shed more than 31,000 employees in the aftermath of America’s most recent (ongoing?) recession …

Hit hardest?  Employees in Washington State, where the company is headquartered.

***

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10 comments

CNSYD July 8, 2015 at 2:20 pm

“ecosystem”? Now do you understand why their stock is dropping?

Reply
Tazmaniac July 8, 2015 at 4:01 pm

Sounds like Amazon’s ECHO system.

Reply
RogueElephant July 8, 2015 at 2:56 pm

Isn’t Washington where they raised the minimum wage to $15.00 / hr.? They should really like “do you want fries with that operating system?”

Reply
Lynn July 8, 2015 at 5:04 pm

The cost of living in WA is much much higher than SC. You can barely buy a burger in Seattle for $15.

Reply
RogueElephant July 8, 2015 at 9:41 pm

Yet another reason to love SC and stay away from the left coast.

Reply
Lynn July 8, 2015 at 10:24 pm

That and the fact that WA has one of the highest suicide rates which many contribute to year long rains, with a brief intermittent season of cool clear weather during the peak of summer.

Reply
Tazmaniac July 8, 2015 at 3:13 pm

I hope one Bill Gates’ many charities supports unemployed people.

Reply
E Norma Scok July 8, 2015 at 10:51 pm

I can’t figure out why a server operating system would be just as great in a phone.

THANKS STEVE BALMER

Reply
Todd July 9, 2015 at 12:05 pm

It shows. Office 365 is a resource taxing mess. Google and Apple are close to sticking a fork in MS.

Reply

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