Microsoft chief executive Satya Nadella is writing off the company’s Nokia devices purchase and pulling back from being a smartphone manufacturer
Microsoft’s mobile business just keeps calling wrong numbers. On Wednesday chief executive Satya Nadella announced he had “restructured” the company’s smartphone business laying off 7,800 staff and writing off $7.6bn.
Ex-Microsoft boss Steve Ballmer’s dreams of making it big in mobile with his 2014 purchase of Nokia Devices have essentially gone up in smoke.
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