The New York Times is leading off the morning with an anonymously sourced report saying that Microsoft is about to announce another round of layoffs. A Microsoft press release confirms the plan, saying that it will target up to 7,800 employees and will be aimed mostly at Microsoft’s hardware division.
The hardware division includes the lion’s share of former Nokia employees, which became part of Microsoft last year. Former Nokia CEO Stephen Elop is leaving—this much we knew from last month—and Reuters says that Microsoft is also going to record an "impairment charge" of $7.6 billion dollars from the Nokia acquisition and perform a complete restructuring of its phone business.
All things considered, this isn’t good news for folks looking for new Lumia devices in the near term. The Times speculates that Microsoft may soon be acknowledging its Nokia acquisition as a misstep; the impairment charge will almost certainly be reflected in Microsoft’s upcoming quarterly earnings report this month.
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