CEO Satya Nadella on Wednesday announced that Microsoft will reduce its workforce by 7,800 as it refines its mobile message and strategy. The company will write down roughly $7.6 billion associated with assets tied to the acquisition of Nokia’s devices and services business, Nadella revealed. The restructuring of its own mobile handset division will cost somewhere between $750 million and $850 million. In order to compete in the iPhone-driven market, Microsoft has to create something new and compelling, suggested tech analyst Rob Enderle.
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