|| 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 …
10 comments
“ecosystem”? Now do you understand why their stock is dropping?
Sounds like Amazon’s ECHO system.
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?”
The cost of living in WA is much much higher than SC. You can barely buy a burger in Seattle for $15.
Yet another reason to love SC and stay away from the left coast.
That and the fact that WA has one of the highest suicide rates which many contribute to year long rains, with a brief intermittent season of cool clear weather during the peak of summer.
87$/hour I looked at the draft which said $9958@mk9
c…./
http://www.WebGl0balworkworldHosts/skills/help...
I hope one Bill Gates’ many charities supports unemployed people.
I can’t figure out why a server operating system would be just as great in a phone.
THANKS STEVE BALMER
It shows. Office 365 is a resource taxing mess. Google and Apple are close to sticking a fork in MS.