Microsoft dismisses 7.8 thousand employees and writes off Nokia assets

Microsoft had to write off assets acquired from Nokia in 2014. Then the amount of the transaction was $ 7.2 billion, but now the company writes off immediately $ 7.6 billion, reports TheVerge. The management of the Redmond corporation believes that the initial assessment of the prospects for the mobile business was not entirely correct, so now we have to change plans in the direction of reducing the mobile unit.

Write-off of $ 7.6 billion of tangible and intangible assets was held in the Phone Hardware division, which was established in 2014, after acquiring the relevant Nokia business. After the write-off, Microsoft plans to restructure, for which it will spend about $ 800 million more.

In addition to the write-off of assets, it is planned to reduce 7.8 thousand jobs in the same segment of Phone Harware. In 2014, 32 thousand people from Nokia transferred to work at Microsoft, now it is planned to reduce more than 20% of ex-Nokia employees.

Restructuring the Phone Harware division does not imply a complete cessation of mobile phone production. The company plans to continue to release mobile devices that will complement the Windows ecosystem. Satya Nadella, the head of Microsoft, announced that in the near future the company will create a more efficient line of mobile devices.