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All Posts Tagged Tag: ‘Satya Nadella’

Microsoft Announces 7,800 Job Cuts from Phone Division

Microsoft Announces 7,800 Job Cuts from Phone Division

Microsoft has announced that it will cut up to 7,800 jobs, mostly in the company’s phone hardware business. The company is also writing off $7.6 billion related to its acquisition of Nokia’s phone business despite only spending $7.2 billion to acquire it last year. “I am committed to our first-party devices including phones. However, we need to focus our phone …

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Yahoo Could Still Drop Microsoft Soon

Last week, Yahoo and Microsoft announced that they have reworked the terms of their search partnership after extending a deadline for coming to new terms. This followed speculation that Yahoo could put an end to the companies’ relationship, as CEO Marissa Mayer’s alleged unhappiness with the deal has been widely reported in the past. The companies decided to stay together, …

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Yahoo And Microsoft Rework Search Alliance

Well, they’re not breaking up just yet. Yahoo and Microsoft just announced that they have agreed to amend their search partnership following the delay of talks about how to proceed, which led to a lot of speculation that they may part ways. The companies have vowed to continue working together, and have “reaffirmed commitments made by both companies in the …

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Should Yahoo & Microsoft End Their Search Alliance?

The question of whether or not Yahoo and Microsoft will remain search partners is up in the air. The two companies have a decision to reach within the next month or so. In one scenario, the two companies could part ways. In another, they could agree to extend the existing relationship. In yet another, they could continue as partners, but …

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Microsoft Earnings Released With Record Revenue For The Quarter

Microsoft just released its earnings for its Fiscal Year 2015 Q1, posting record first-quarter revenue thanks to its cloud and hardware offerings. The company managed to beat Wall Street expectations with EPS at $0.54 and revenue at $23.2 billion, down 13% and up 25% year-over-year, respectively. Device and Consumer revenue grew 47% to $10.96 billion with Office 365 Home and …

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Microsoft Initiates Another Round Of Layoffs

Microsoft announced a couple months ago that it would reduce its overall workforce by up to 18,000 jobs over the course of the next year, and that of those, 12,500 would be related to its acquisition of Nokia assets. The company was also said to be eliminating Xbox Entertainment Studios. Microsoft said it would begin with 13,000 eliminations, and that …

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Steve Ballmer Leaves Microsoft Board

Steve Ballmer announced that he is stepping down as a member of Microsoft’s Board of Directors. He resigned as CEO six months ago, handing the reins over to Satya Nadella, who has already laid out the company’s strategy going forward and announced the layoffs of 18,000 people. Last week, Ballmer officially became the owner of the Los Angeles Clippers, buying …

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Microsoft To Offer One Operating System For All Screens

At some point in the future, Microsoft will offer its users a single operating system experience across all screens, making things a lot easier on application developers. Rather than having to worry about developing apps for Windows, Windows Phone and Xbox all separately, they’ll just be able to develop apps for this singular platform. That’s what we’re getting from CEO …

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Microsoft Earnings Released, Revenue $23.38 Billion

Microsoft just released its earnings report for FY14 Q4 with revenue of $23.38 billion, gross margin of $15.79 billion, operating income of $6.48 billion, and diluted EPS of $0.55 per share. CEO Satya Nadella said, “We are galvanized around our core as a productivity and platform company for the mobile-first and cloud-first world, and we are driving growth with disciplined …

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Microsoft Is Officially Cutting 18,000 Jobs

It’s been rumored that Microsoft would be cutting some jobs – specifically some from its acquisition of Nokia assets. Now, official word from the company on the matter is out. CEO Satya Nadella said in an email to employees, which the company made public, that Microsoft will begin reducing its overall workforce by up to 18,000 jobs within the next …

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Satya Nadella Talks About Microsoft’s ‘Core’

Microsoft CEO Satya Nadella wrote a big letter to staff, which the company has shared on its blog. It’s called “Bold Ambition & Our Core,” and marks the beginning of Microsoft’s Fiscal Year 2015. In the part about the company’s core, Nadella writes: At our core, Microsoft is the productivity and platform company for the mobile-first and cloud-first world. We …

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Microsoft Now Officially Owns Nokia’s Devices & Services Business

Well, it’s official. Microsoft announced on Friday (as expected) that it has completed its acquisition of Nokia’s Devices and Services business. It’s been approved by shareholders, and all the government regulatory bodies. Microsoft can now go forward full-throttle with its plans for the buy. CEO Satya Nadella said, “Today we welcome the Nokia Devices and Services business to our family. …

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