In what may come as a rude shock to many an unsuspecting employees, Microsoft is set to reduce its workforce and announce the largest job cuts in the history of the company.
In a letter addressed to its employees, new CEO of Microsoft has announced that as part of its restructuring plans, the company will reduce the size of their workforce by up to 18000 jobs in the forthcoming year. Shockingly, 12500 employees let go during this phase belong to the recently acquired Nokia Devices and Services.
The company had a total of 127104 employees of which 30000 were added after the acquisition of Nokia’s handset business. Surprisingly, 70 percent of the job cuts are from the Nokia unit. This is considered to be the end of the existence of Nokia and is said to be a late reaction to the acquisition.
Further, Nokia ambitious Android powered Nokia X project may also face the axe. The company plans on integrating select Nokia X products and transforming them into Lumia devices running only on Windows. Seems like the beliefs and dreams of Nokia will go home along with the laid off employees.