Posted 06/30/2015 at 9:36 AM
Posted 2 years ago
An anonymous source has reported that Microsoft is gearing up to shutter their Web display advertising business and will turn over control to AOL and AppNexus.
The source, who asked not to be named, says that the move will affect 1,200 jobs at the Washington-based technology company with some being offered other positions within the company and others being laid off.
No details concerning the financial numbers of the move were discussed.
This decision is part of the larger mission that chief executive officer Satya Nadella has outlined for Microsoft over the past few months, a mission that has a trifecta of goals at its core: business productivity, more innovative personal computing and cloud platform expansion.
In the process, the company’s workforce has undergone a selective trimming process in line with the vision of Nadella in addition to acquiring smaller mobile and cloud software manufacturers to fold into Microsoft.
Representatives for the company declined to comment when contacted.