Microsoft Announces Plans To Lay Off 2850 More Employees

This week Microsoft announced they will be laying off 2850 more employees than they had previously stated. This coming after the 1850 lay offs they announced in may earlier this year.

 

Almost all of the lay offs are from their Nokia Division leaving them almost nothing to show for from their $7 billion acquisition but some really good camera phones with abysmal sales. With over 12,000 lay offs in the last two years it is pretty clear that Microsoft is scaling down its phone business and spend more time pushing its successful products.

 

Sources:

https://www.engadget.com/2016/07/29/microsoft-is-laying-off-2-850-more-workers/

https://www.sec.gov/Archives/edgar/data/789019/000119312516662209/d187868d10k.htm