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Title: Nokia Cuts 7,000 Jobs to Stem Smartphone Cash Loss Post by: HCK on April 27, 2011, 03:00:03 pm Nokia Cuts 7,000 Jobs to Stem Smartphone Cash Loss
Embattled 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 [...] http://feedproxy.google.com/~r/cultofmac/bFow/~3/he2Zd9Cw_HI/92270 |