Microsoft and Nokia phones (2014)
Microsoft closed its acquisition of Nokia's mobile phone business in April 2014. Within months it announced a major round of layoffs, with most cuts in the phone unit it had just absorbed.
The combined phone business shrank quickly, and Microsoft wrote off most of the acquisition's value within a year.
The deal became a standard reference for how acquisitions lead to workforce cuts in the newly merged unit.
Shows how combining two companies with overlapping roles leads to rapid headcount reduction, the same dynamic HealthEdge and UST HealthProof now face.
