It might have made good business sense (and provided Nokia with a credible rescue package), but how has this actually panned out? Both brands still exist in their own entities, granted. But, today's announcement is the inevitable downside to the partnership. 18,000 positions will be cut, with 12,500 expected to be Nokia employees.
Considering Samsung is experiencing trouble in paradise and HTC fighting a constant fire, this isn't a great day for the mobile industry.
Microsoft is announcing its biggest ever job cuts today, affecting 18,000 employees. In a memo, Microsoft CEO Satya Nadella says the company will cut 18,000 positions in the next year, with former Nokia employees expected to account for around 12,500 jobs.