Microsoft is significantly scaling back on its Nokia unit, acquired just 14 months ago, with another major round of layoffs. The Seattle area based company will cut 7,800 jobs to write off $7.6 billion, nearly all the value of its Nokia phone business. “I am committed to our first-party devices including phones,” CEO Satya Nadella wrote in an email to employees. “We are moving from a strategy to grow a standalone phone business to a strategy to grow and create a vibrant Windows ecosystem that includes our first-party device family.” The new plan will focus on three different Microsoft Windows phone customers: business owners who want management apps and security; buyers in the market wanting less expensive phones; and Windows’ users. According to Bloomberg, previous Microsoft CEO Steve Ballmer and the Board of Directors (including Nadella) were not on the same page when the Nokia devices and services unit was first purchased. Last year, Nadella nixed a staggering 18,000 jobs, mostly from the smartphone sector of the biz. In June, Microsoft announced that it would sell its online display advertising business to AOL.
Roseanne Barr continues to make news; in a new tweet the comedian said that the tweet which lost her the reboot of ABC’s Roseanne and was interpreted as racist was actually a condemnation of anti-Semitism. Meanwhile, speaking at the Women in Film Crystal+Lucy Awards in Los Angeles, ABC Entertainment President Channing Dungey seemed to reference […]
Kelly Clarkson will perform a medley of her hits on the 2018 Radio Disney Music Awards on Saturday, June 23 from 8-10pm EDT on Disney Channel. The original American Idol winner is also in line to receive the RDMA Icon Award.
FOX Sports will simulcast Friday’s Portugal vs. Spain World Cup match in one of the world’s most highly-trafficked locations — New York’s Times Square. The game, scheduled to air at 2 PM on the FOX broadcast network, will be shown using the feed from local FOX 5 NY on Silvercast’s 78 by 330-foot HD screen […]
Hyundai and Italian soccer club Atletico Madrid signed a new partnership in which the South Korean car manufacturer will sponsor the La Liga club, replacing Alfa Romeo as the team’s automotive partner. For the deal’s duration, which will run until 2021, the company will provide cars for the club, while their logo will be placed […]
A day after a federal judge ruled that AT&T could buy Time Warner, Comcast jumped in with a $65 billion, all-cash bid for most of 21st Century Fox’s assets, including FX and National Geographic cable networks. Comcast was in discussions to buy Fox last year, but with uncertainty about regulatory approval, Disney’s $52.4 billion offer […]