Boston, MA 07/16/2014 (wallstreetpr) – Microsoft Corporation (NASDAQ:MSFT) is planning to cut down a huge number of jobs, most of which is expected to be in the recently acquired Nokia Corporation (ADR) (NYSE:NOK)’s handset unit.
The tech giant has announced that it is planning to shrink capacity soon and is expecting to call a bigger round of job cuts than the 2009’s case, when the company had spun off as many as 5,800 employees. Microsoft seeks to shrivel Nokia Oyj’s handset unit, and speculations suggest that the highest potential job cuts will be from Nokia’s marketing and engineering divisions. Microsoft said that it had completely acquired Nokia’s Devices and Services business last April.
Microsoft Corporation (NASDAQ:MSFT)’s Chief Executive Officer and Director, Satya Nadella, is on a restructuring spree which is rumored to be the biggest in the company’s history. Until now, the Windows phone maker had made the biggest job cuts in 2009, throwing out as many as 5,800 of its employees. In an interview with Bloomberg, Nadella underlined that the company has become more focused and has worked to enhance its efficiency. As he proposed his first company mission speech the previous week, he said that Microsoft is now concentrating more on its handsets business, cloud computing technology and productivity software. He believes that a change in focus from personal computers to mobile devices is the need of the hour, considering the shift of consumer interest.
The Redmond, Washington headquartered company also seeks to introduce the Windows Phone 8.1 in the market this summer. Microsoft Corporation (NASDAQ:MSFT) had completed the development of the device earlier this year and has announced that the update will available to Lumia users soon. The new version would come with an update of the Cyan firmware, the company said.
The upgrade would offer Windows Phone 8 users additional features such as enhanced lock screen, new start screen and an altogether new action center. In addition with some other changes, it would also include the much awaited voice processing app Cortana.
