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Nokia To Trim 450 IT Employees

Nokia To Trim 450 IT Employees

Dealing with a continued decline in handset sales, Finland-based Nokia will make additional cuts to its workforce.

Nokia plans to downsize information-technology activities in its corporate development office by cutting 450 employees globally. The reduction in employment is part of Nokia’s plans to cut costs and adjust its business operations based on market demand.

“The announcement makes sense and this isn’t Nokia’s first announcement related to apps and service as they have been going through major restructuring,” said Jeff Orr, senior analyst of mobile content at ABI Research. “This poses a bit of concern, however, in the fact that they had to come back and say we have to go deeper.”

URL: http://www.hackinthebox.org/index.php?name=News&file=article&sid=31070

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