Effects of Microsoft downsizing still unknown in Hungary
It is not yet known how Microsoftʼs recently announced global restructuring and downsizing of approximately 7,800 positions will affect the company’s Hungarian operations, as the official press release published yesterday does not specify regional details.
In response to a query from the Budapest Business Journal, Judit Szűcs, Microsoft Hungary’s PR & Corporate Communication Lead, said that the company employs approximately 300 people in the country.
Microsoft’s announcement “follows recent moves by Microsoft to better align with company priorities, including recent changes to Microsoft’s engineering teams and leadership, plans to transfer the company’s imagery acquisition operations to Uber, and shifts in Microsoft’s display advertising business that enable the company to further invest in search as its core advertising technology and service,” the press release noted.
The announcement added that the company is planning “to record an impairment charge of approximately $7.6 billion related to assets associated with the acquisition of the Nokia Devices and Services (NDS) business in addition to a restructuring charge of approximately $750 million to $850 million.”
“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 device family,” Microsoft CEO Satya Nadella said. “In the near-term, we’ll run a more effective and focused phone portfolio while retaining capability for long-term reinvention in mobility.”
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