Samsung electronics mobile executives take bonus cuts
Hundreds of Samsung Electronics Co. executives working in the company's mobile unit have taken a voluntarily 25% cut in their bonus payments for the first half to express responsibility for an expected decline in company profit, people familiar with the matter said Friday.
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Microsoft is laying off 14pc of employees as it overhauls its mobile business
Microsoft told employees this morning that it would cut up to 18,000 jobs, 14% of its total workforce, over the next year. These will be the largest layoffs in company history, with 12,500 jobs coming from the Nokia Devices and Services division which Microsoft acquired in a $7.2 billion deal completed in April. The news was delivered in an internal memo from CEO Satya Nadella.
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Mobile industry should embrace Bitcoin or get left behind
Mobile operators need to prepare for the shift to digital currencies if they want to remain competitive. That is the takeaway from a report published by European consultancy firm Reply, which also urges the mobile industry to avoid past mistakes.
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Celebrities only for Facebook?s new ?Mentions? iOS app
Facebook has a new iOS app, and while anyone can download it, you won?t actually be able to use it unless you?re a Facebook-recognized celebrity. The app, called Facebook Mentions, requires a ?Verified? account to log in, and is built to help people manage their public figure pages on the social network.
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