Nokia Sharpens Axe, Readies 7,000 Job Cuts - Techist - Tech Forum

Go Back   Techist - Tech Forum > Techist Forum Information > News > The Net
Closed Thread
Thread Tools Display Modes
Old 04-27-2011, 12:24 PM   #1 (permalink)
Destroyer of headlines
Megatron's Avatar
Join Date: Dec 2010
Location: Headlines
Posts: 629
Default Nokia Sharpens Axe, Readies 7,000 Job Cuts

Now's not a particularly good time to be working for Nokia, not unless you can handle the stress of wondering if you'll still have a job once the company eliminates 12 percent of its workers. As part of a new strategy to "align its global workforce and consolidate site operations," Nokia said it plans to hand out about 7,000 pink slips, including laying off 3,000 staff and transferring 3,000 more to Accenture, which will take over Nokia's legacy Symbian software division.

"At Nokia, we have new clarity around our path forward, which is focused on our leadership across smart devices, mobile phones, and future disruptions," said Stephen Elop, Nokia President and CEO. "However, with this new focus, we also will face reductions in our workforce. This is a difficult reality, and we are working closely with our employees and partners to identify long-term re-employment programs for the talented people of Nokia."

The job cuts come as Nokia looks to shave expenses by 1 billion euros (around $1.47 billion USD) for the full year 2013 compared to the full year 2010, Nokia said. They're also in preparation for Nokia's partnership with Microsoft, as the company winds down its Symbian strategy and migrates future smartphones over to Windows Phone 7.

"This is about keeping focus with Nokia on Windows Phone. It helps to get rid of any doubts on where this company is going," Reuters quotes Gartner analyst Caronlina Milanesi as saying. "For Accenture this opens up opportunities in mobile application development."

Nokia said the job cuts will be completed by the end of 2012.

Megatron is offline  
Closed Thread

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Buffalo readies 1.2GHz DDR 2 DIMM set Osiris Overclocking and Modding 1 09-26-2006 08:08 AM
MS Readies Web-Based Communicator Osiris Microsoft Windows and Software 0 06-22-2005 10:51 AM
MSN Readies Revamped Shopping Portal Osiris Internet Software and Browsers 0 06-19-2005 03:45 PM

Our Communities

Our communities encompass many different hobbies and interests, but each one is built on friendly, intelligent membership.

» More about our Communities

Automotive Communities

Our Automotive communities encompass many different makes and models. From U.S. domestics to European Saloons.

» More about our Automotive Communities

Marine Communities

Our Marine websites focus on Cruising and Sailing Vessels, including forums and the largest cruising Wiki project on the web today.

» More about our Marine Communities

Copyright 2002-2015 Social Knowledge, LLC All Rights Reserved.

All times are GMT -5. The time now is 12:17 PM.

Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.