Microsoft to layoff up to 7800 employees working on smartphones; $7.6 billion write off announced

Microsoft to layoff up to 7800 employees working on smartphones; $7.6 billion write off announced:

Over the last week or so, we've chronicled the signs suggesting that Microsoft could be ready to embrace Android and make a hasty retreat from its own mobile OS. Rumors that top brass in Redmond were considering writing off billions of dollars in goodwill was one such sign. Removing the value of these intangible assets would make the phone hardware division easier to sell or spin off.



This morning, rumors intensified following the news that Microsoft was laying off up to 7800 employees, most of them toiling in its smartphone hardware business. As a result of the job cuts, the company indeed ...