Nokia Cuts 7,000 Jobs to Stem Smartphone Cash LossEmbattled cell phone giant Nokia Wednesday announced it will cut 7,000 jobs as a result of its Microsoft Windows Phone agreement and outsourcing its Symbian handset software. The cuts represent 12 percent of the company’s handset employees and could save Nokia $1.46 billion. “The competitive environment has changed rapidly,” explained Nokia CEO Stephen Elop. The [...]
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