As rumored early this week, the software giant Microsoft has announced that it’s cutting 18,000 jobs. This will be the biggest round of job cuts it has ever done, as part of its ongoing restructuring efforts. As predicted, former Nokia employees have been affected the most. Microsoft acquired Nokia for $5 billion earlier this year. The plan is to have over 12,500 professional and factory positions gone by end of year.
THE END OF NOKIA X PHONES
As a new strategy, the Microsoft CEO Satya Nadella explains that the company’s will now be more “more agile” from now on, allowing different teams within its structure to work more freely from each other. The further said that the Nokia X, Android powered phones could end and they will shift the 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.