{"id":36548,"date":"2015-07-09T09:21:20","date_gmt":"2015-07-09T13:21:20","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=36548"},"modified":"2015-07-09T09:21:20","modified_gmt":"2015-07-09T13:21:20","slug":"microsoft-corporation-nasdaqmsft-to-terminate-7800-jobs-as-it-plans-to-restructure-mobile-phone-business","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/microsoft-corporation-nasdaqmsft-to-terminate-7800-jobs-as-it-plans-to-restructure-mobile-phone-business-36548","title":{"rendered":"Microsoft Corporation (NASDAQ:MSFT) To Terminate 7,800 Jobs As It Plans To Restructure Mobile Phone Business"},"content":{"rendered":"<p style=\"text-align: justify;\">It\u2019s been a few weeks since <strong>Microsoft Corporation (NASDAQ:MSFT)<\/strong> revealed a major corporate executive restructuring. The company has announced new restructuring efforts that will lead to 7,800 job losses.<\/p>\n<p style=\"text-align: justify;\">The new restructuring efforts will involve the company\u2019s mobile phone business that it acquired from <strong>Nokia Corporation (ADR) (NYSE:NOK)<\/strong> in 2014. It also comes a few weeks after the company employed rapid measures to rebrand all of Nokia\u2019s stores with the Microsoft brand name. The acquisition also resulted into the first Microsoft branded smartphones in the market. The mobile phone division was part of the company\u2019s strategy to make a solid stand in the mobile phone industry as well as a competitive move against rival firms.<\/p>\n<p style=\"text-align: justify;\">It was also aimed at promoting synergy by merging the software and hardware aspects of the company to provide unilateral products. However, Microsoft has decided to take another direction. The company announced that it plans to write off the $7.6 billion that was spent to acquire the phone division from Nokia. Additionally, Microsoft announced that it will face a restructuring cost that will range between$750 million to $850 million.<\/p>\n<p style=\"text-align: justify;\">Microsoft Corporation (NASDAQ:MSFT)\u2019s Chief Executive, Satya Nadella briefed the company\u2019s employees through an email stating the changes. He explained the decision as a means to move from a standalone mobile phone venture to a lively Windows ecosystem including the company\u2019s first party device unit. He also added that the company plans to operate a more effective phone portfolio in the short run, so as to align the long-term mobility.<\/p>\n<p style=\"text-align: justify;\">Mr. Nadella is fully focused on pointing the company back on the right track especially with the new Windows 10 system that is will be launched towards the end of July. The company has always had its software division as they key points of focus. This does not mean that the company will not continue to deal with mobile devices. In fact, it could be a hint that the company is shrinking its phone portfolio and will work towards high-end flagship mobile devices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s been a few weeks since Microsoft Corporation (NASDAQ:MSFT) revealed a major corporate executive restructuring. The company has announced new restructuring efforts that will lead [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":33042,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[1637,738,2817,672,9245],"stock_ticker":[],"class_list":["post-36548","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-microsoft-corporation-nasdaqmsft","tag-nasdaqmsft","tag-nokia-corporation-adr-nysenok","tag-nysenok","tag-satya-nadella","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Microsoft Corporation (NASDAQ:MSFT) To Terminate 7,800 Jobs As It Plans To Restructure Mobile Phone Business - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/microsoft-corporation-nasdaqmsft-to-terminate-7800-jobs-as-it-plans-to-restructure-mobile-phone-business-36548\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Microsoft Corporation (NASDAQ:MSFT) To Terminate 7,800 Jobs As It Plans To Restructure Mobile Phone Business - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"It\u2019s been a few weeks since Microsoft Corporation (NASDAQ:MSFT) revealed a major corporate executive restructuring. The company has announced new restructuring efforts that will lead [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/microsoft-corporation-nasdaqmsft-to-terminate-7800-jobs-as-it-plans-to-restructure-mobile-phone-business-36548\" \/>\n<meta property=\"og:site_name\" content=\"Wall Street PR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WallStreetPR\/\" \/>\n<meta property=\"article:published_time\" content=\"2015-07-09T13:21:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2014\/10\/Microsoft-Help-Forum.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Greg Folin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Greg Folin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/microsoft-corporation-nasdaqmsft-to-terminate-7800-jobs-as-it-plans-to-restructure-mobile-phone-business-36548#article\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/microsoft-corporation-nasdaqmsft-to-terminate-7800-jobs-as-it-plans-to-restructure-mobile-phone-business-36548\"},\"author\":{\"name\":\"Greg Folin\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/09a8586a8976289812879bbc81ac988e\"},\"headline\":\"Microsoft Corporation (NASDAQ:MSFT) To Terminate 7,800 Jobs As It Plans To Restructure Mobile Phone Business\",\"datePublished\":\"2015-07-09T13:21:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/microsoft-corporation-nasdaqmsft-to-terminate-7800-jobs-as-it-plans-to-restructure-mobile-phone-business-36548\"},\"wordCount\":356,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#organization\"},\"image\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/microsoft-corporation-nasdaqmsft-to-terminate-7800-jobs-as-it-plans-to-restructure-mobile-phone-business-36548#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2014\/10\/Microsoft-Help-Forum.jpg\",\"keywords\":[\"Microsoft Corporation (NASDAQ:MSFT)\",\"NASDAQ:MSFT\",\"Nokia Corporation (ADR) (NYSE:NOK)\",\"NYSE:NOK\",\"Satya Nadella\"],\"articleSection\":[\"Technology\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cablemanpro.com\/wallstreetpr\/microsoft-corporation-nasdaqmsft-to-terminate-7800-jobs-as-it-plans-to-restructure-mobile-phone-business-36548#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/microsoft-corporation-nasdaqmsft-to-terminate-7800-jobs-as-it-plans-to-restructure-mobile-phone-business-36548\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/microsoft-corporation-nasdaqmsft-to-terminate-7800-jobs-as-it-plans-to-restructure-mobile-phone-business-36548\",\"name\":\"Microsoft Corporation (NASDAQ:MSFT) To Terminate 7,800 Jobs As It Plans To Restructure Mobile Phone Business - 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