Latest news with #Nokia
NBC News
4 hours ago
- Business
- NBC News
Microsoft laying off about 9,000 employees in latest round of cuts
Microsoft said Wednesday that it will lay off about 9,000 employees. The move will affect less than 4% of its global workforce across different teams, geographies and levels of experience, a person familiar with the matter told CNBC. The announcement comes on the second day of Microsoft's 2026 fiscal year. Executives at the Redmond, Washington-based company typically unveil reorganizations at the time of the new fiscal year. 'We continue to implement organizational changes necessary to best position the company and teams for success in a dynamic marketplace,' a Microsoft spokesperson said in an email. Microsoft has held several rounds of layoffs already this calendar year. In January, it cut less than 1% of headcount based on performance. The 50-year-old software company slashed more than 6,000 jobs in May and then at least 300 more in June. As of June 2024 it employed 228,000 people. In 2023, it laid off 10,000. Perhaps the largest culling of Microsoft workers came in 2014, when the company eliminated 18,000 after acquiring Nokia's devices and services business. As was the case with the May layoffs, Microsoft is looking to reduce the number of layers of managers that stand between individual contributors and top executives, said the person who asked not to be named while discussing internal matters. 'To position Gaming for enduring success and allow us to focus on strategic growth areas, we will end or decrease work in certain areas of the business and follow Microsoft's lead in removing layers of management to increase agility and effectiveness,' Phil Spencer, Microsoft's CEO of gaming, wrote in a Wednesday memo to employees in that division. Microsoft reported nearly $26 billion in net income on $70 billion in revenue for the March quarter. The numbers were well ahead of Wall Street's consensus, keeping Microsoft ranked as one of the most profitable companies in the S&P 500 index, according to data compiled by FactSet. Executives called for about 14% year-over-year revenue growth in the June quarter, thanks to expected expansion in Azure cloud services and corporate productivity software subscriptions Microsoft stock closed at a record high of $497.45 per share on June 26. At the start of Wednesday's trading session, the shares were down about 0.6%, while the S&P 500 was roughly flat.
CNBC
10 hours ago
- Business
- CNBC
Microsoft laying off about 9,000 employees in latest round of cuts
Microsoft said Wednesday that it will lay off about 9,000 employees. The move will affect less than 4% of its global workforce across different teams, geographies and levels of experience, a person familiar with the matter told CNBC. The announcement comes on the second day of Microsoft's 2026 fiscal year. Executives at the Redmond, Washington-based company typically unveil reorganizations at the time of the new fiscal year. "We continue to implement organizational changes necessary to best position the company and teams for success in a dynamic marketplace," a Microsoft spokesperson said in an email. Microsoft has held several rounds of layoffs already this calendar year. In January, it cut less than 1% of headcount based on performance. The 50-year-old software company slashed over 6,000 jobs in May and then at least 300 more in June. As of June 2024 it employed 228,000 people. In 2023, it laid off 10,000. Perhaps the largest culling of Microsoft workers came in 2014, when the company eliminated 18,000 after acquiring Nokia's devices and services business. As was the case with the May layoffs, Microsoft is looking to reduce the number of layers of managers that stand between individual contributors and top executives, the person said. Microsoft reported nearly $26 billion in net income on $70 billion in revenue for the March quarter. The numbers were well ahead of Wall Street's consensus, keeping Microsoft ranked as one of the most profitable companies in the S&P 500 index, according to data compiled by FactSet. Executives called for about 14% year-over-year revenue growth in the June quarter, thanks to expected expansion in Azure cloud services and corporate productivity software subscriptions. Autodesk, Chegg and CrowdStrike are among the other software providers that have slimmed down in 2025. Earlier on Wednesday, Payroll processing company ADP said the U.S. private sector lost 33,000 jobs in June. Economists polled by Dow Jones had predicted an increase of 100,000.
Time of India
20 hours ago
- Business
- Time of India
Global telcos dial Delhi-NCR for support
Telecom companies had set up shop in Delhi-NCR long before the region became a hotbed for global capability centres (GCCs). Initially drawn by proximity to policymakers, regulators and government telecom agencies, these firms soon realised the region's untapped potential for running complex technology and enterprise operations. Today, Delhi-NCR is a strategic node in global delivery networks for leading telecom giants. The region hosts some of the world's most prominent telecom GCCs, including those of Nokia, Ciena, Ericsson, Orange Business Services, BT Group, AT&T and Amdocs. These centres have evolved into R&D and innovation hubs, operational backbones, and force multipliers for global operations. Arindam Sen, partner and GCC sector lead for technology, media & entertainment and telecommunications at EY India, says NCR offers access to deep engineering talent, robust infrastructure, and the ability to manage both technology and enterprise operations at scale. 'Telecom GCCs initially set up (in Delhi-NCR) to be close to policymakers. Now, the region has transformed into a strategic advantage for them,' he says. Take Nokia. Its GCC in Noida is critical to its international operations. 'These centres are accountable for project delivery, cost efficiency, AI-driven automation, and remote service deployment,' says Sandeep Saxena , head of technology and solutions (mobile networks) at Nokia India. From its India GCC, the company manages networks across nearly 100 countries. Saxena says India does network planning, implementation, automation services, AI-led analytics and real-time field support for global clients. American optical networking and software company Ciena's Gurugram centre is its largest outside North America, and is the brain behind many of the company's signature technologies. The site supports development of Ciena's optical systems, routing and switching platforms, and its intelligent automation platform that provides network and services automation. It also houses engineering labs and product innovation spaces where teams develop solutions tailored for different markets. 'Our team contributes extensively to both hardware and software innovation,' says Amit Malik, VP and sales leader at Ciena India. The Gurugram facility also handles finance, accounting, IT services & support, legal, procurement and marketing. Siddhant Cally, research analyst at Counterpoint Research, says NCR-based GCCs manage everything from network rollout and RAN (radio access network) optimisation to back-end operations, network operations centre (NOC) services, tool development, and automation. A big reason these centres thrive is the region's talent ecosystem. NCR draws from premier engineering institutions – this ensures a steady pipeline of professionals skilled in AI/ML, cloud computing, cybersecurity, and data analytics. Most GCCs have a blend of tech specialists and enterprise professionals. Ciena employs over 2,000 people in India, 60% of whom are in R&D. The company invests heavily in training young engineers through internships and collaborations with local colleges. 'Besides tech skills, we look for people with a sense of curiosity, communication and ability to work in a team,' Malik says. All of these efforts are paying off. Parent companies are looking to the GCCs to define the future. As Nokia's Saxena puts it, 'We're not just supporting operations; we're defining what telecom delivery will look like in the next decade.' Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
News.com.au
a day ago
- Entertainment
- News.com.au
Drake mercilessly roasted for ‘fake' six-pack abs: ‘Arms and chest sold separately'
The internet mercilessly trolled Drake for his 'fake' abs after the rapper shared a shirtless mirror selfie showcasing his ultra-chiselled midsection. In the snapshot, the Nokia hitmaker revealed his glistening six-pack and tattoos while posing behind a stocked bar. He also shared a brief video clip of himself jogging shirtless down a park path. 'I'm wide awake for the nights that separate the type who get to it til they get it right from the type who just … type,' the Grammy-winning artist captioned the post on the weekend. But sceptical followers took to the comments to jokingly speculate about how the rapper achieved his dramatically toned waistline. 'Ordered abs from temu n forgot to add shoulders n [triceps] lol,' one person quipped, while another mocked, 'Boy stop playing! The only place you ran was to the surgeon.' 'Arms and chest sold separately,' a third wrote, while a fourth bluntly claimed, 'Those are fake.' 'The abs do not match the body,' yet another observed, while someone else wondered, 'Arm definition surgery is next month?' 'I just came here for the comments and they sure as hell delivered …,' another user noted of the public roasting. Adding fuel to the speculation, plastic surgery Instagram account @surgeonmade_curves reposted the photo, claiming in the caption that Drake, 38, 'did it again.' The account alleged that the Canadian rapper, who consistently shares content from his workouts on social media, is 'no stranger to the surgery table.' 'This man be too hype to show them abs/body and gives it away every single time,' they claimed. Drake was previously labelled 'BBL Drizzy' by fellow rapper Rick Ross following rumours the Degrassi star underwent a Brazilian butt lift and other cosmetic procedures. But this latest shirtless selfie isn't the first time Drake has made a provocative play for attention. Ahead of rival Kendrick Lamar's showstopping Super Bowl halftime show in February, the Hotline Bling rapper was spotted in an eyebrow-raising outfit while stepping out in Australia. The Toronto-born MC rocked a suggestive T-shirt with the words, 'Wait till u see my,' with an arrow pointing downward to his privates. He added bright yellow shorts and accessorised with a blue beanie hat and blue cowboy boots for the outing to Gibney restaurant Down Under.
The Age
a day ago
- Entertainment
- The Age
Tech bros, incels, dating apps: is this the literary equivalent of doomscrolling?
SHORT STORIES Rejection Tony Tulathimutte Fourth Estate, $36.99 At some point during her reclusive life, Emily Dickinson began a poem on a scrap of notepaper: 'I'm nobody! Who are you? Are you nobody, too?' The poet herself would remain a literary nobody until years after her death. Perhaps now, as the internet teems with anonymous accounts and inconsequential text, her words will be recognised for what they are: the credo of our over-engaged and under-loved age, the inner song of YouTube comments and unopened Snapchats. Otherwise, if the world still isn't ready, the American writer Tony Tulathimutte is here to take on that mantel on behalf of all the lonely souls online. His new book, Rejection, is set mostly on the internet – on message boards, dating apps, timelines, where the author realises his characters with such artful and painful exactness that his reader will want to trade their iPhone for a Nokia brick. The first story, The Feminist, which went viral when it was published in literary magazine n+1 in 2019, chronicles the decline and fall of a man who imbibes all the tenets of 2010s online progressivism, only to find that, while he has done 'the intellectual labor to empathise with the broadest spectrum of female perspectives', he is still left '[d]ragging his virginity like a body bag into his mid-twenties'. With a cool irony, Tulathimutte shows a man's mind shift from gender positivity and resentment of the patriarchy to the warped victimisation of men's rights accounts and incel forums, like a miniature dramatisation of the transformation of Twitter into X. Other scenarios in the collection revolve around similar young men whose lives do not extend far from their screens. Our Dope Future is narrated by a tech bro whose startups include a 'sexual consent on the blockchain' app and a 'meal-replacement shake called Döpesauce'. The story takes the form of an extended blog post written by this Elon Musk-ite, in which he describes wooing a woman with his 'algorizzim' and subsequently imprisoning and surveilling her to help her achieve her 'life goals'. In another story, a man comes out as gay but is unable to reconcile the openness and liberality of contemporary society – including queer and kink-friendly dating apps – with his own sadistic fetishes. Another is simply a series of metaphors for the humiliating state of being a rejected man: 'Passing your neighbor's house, you catch a glimpse of someone through his living room window, lit up by the television he's watching alone in the dark, and think, What a loser ... on your way home to do the exact same thing.'
