Microsoft writes off $7.6 billion from Nokia deal, announces 7,800 job cuts

Microsoft CEO Satya Nadella didn't waste any time dropping the company's previous focus on "devices and services" after he was appointed as chief executive last year. In recent weeks former Nokia CEO Stephen Elop has departed Microsoft, alongside the company's head of phones Jo Harlow. Nadella warned of "tough choices in areas where things are not working," and it appears we're seeing the first major signs of that today. Microsoft is cutting 7,800 jobs primarily in its phone business, and the company is writing off $7.6 billion related to its acquisition of the Nokia phone business.

"We are moving from a strategy to grow a standalone phone business to a strategy to grow and create a vibrant Windows ecosystem including our first-party...

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