Microsoft slashed 2,100 employees from its work force, part of a previously announced plan to cut 18,000 workers as the software giant integrates former Nokia employees and shifts its focus to the cloud, mobile and productivity tools. As a result of this round of cuts, Microsoft will also close its Silicon Valley research-and-development lab.
Sprint CEO Marcelo Claure said the company plans on introducing new, aggressively priced plans next week, according to a Light Reading report. The new Sprint chief addressed a town hall meeting of Sprint employees Thursday and reportedly told them that the company will slash prices and continue focusing on improving its network to win back customers.
Cisco said it will cut 6,000 jobs, or 8 percent of its workforce, as it forecasted tepid growth going forward. However, CEO John Chambers said he thinks the shift in the network infrastructure market to software-defined networking will benefit the vendor.
Sprint CEO Marcelo Claure said the company will look to cut costs and compete aggressively on price as it tries to regain momentum in the market following its plans to scrap a merger with T-Mobile US. Claure, who took the helm on Monday, will hold a town hall meeting with Sprint employees Aug. 14 to outline his vision for the company, according to a leaked internal memo that was reported by several news outlets.
Broadcom said it will cut 2,500 jobs, about one-fifth of its total workforce, as part of a winding down of its cellular baseband chipset unit. The company made the announcement Tuesday in conjunction with its second-quarter earnings.
Microsoft is going to wind down Nokia's Asha and Series 40 feature-phone businesses over the next 18 months to focus solely on devices running Microsoft's Windows Phone platform, according to an internal company memo. The decisions come as part of Microsoft's decision to cut 18,000 jobs, including 12,500 former Nokia workers, the largest restructuring in the company's history.
The job cuts Microsoft made to its Nokia devices business were not surprising, and they reflect Microsoft CEO Satya Nadella's drive to change Microsoft into a software and services company that enhances productivity for enterprises and consumers through its platforms. Devices will still be a part of Microsoft, but they will be used for a specific purpose: to showcase the best Microsoft experience, primarily in high-end gadgets.
The axe is falling for former Nokia handset workers. In its largest round of layoffs to date, Microsoft said it will cut up to 18,000 jobs this year, or 14 percent of its workforce. It is expected that many of those cuts will be to employees the company acquired when it bought Nokia's devices and services business for around $7.4 billion.
Sprint is cutting at least 1,400 jobs across the country, and perhaps more, as it closes call centers, trims jobs related to refurbishing phones and shuts down underperforming retail stores.
Verizon Wireless is reorganizing its call centers and closing some facilities, meaning 3,000 workers will need to either apply for different jobs, relocate or take a buyout package. An additional 2,200 workers are being shifted to locations nearby the ones that are being closed.