Nokia to Cut 12% of its Handset Workforce

Nokia (NOK), the world’s leading cellphone maker, on Wednesday reported it intends to reduce the labor force at its handset business by 7,000 jobs, or 12%, following its decision to attempt a fightback in the smartphone marketplace by utilizing Microsoft’s (MSFT) software. Stephen Elop, the former Microsoft executive who became Nokia chief executive in September, said the cuts were needed to prepare Nokia for its partnership with Msoft.

Create Content With AI

Risk Our Money Not Yours | Get 50% Off Any Account

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


*

This site uses Akismet to reduce spam. Learn how your comment data is processed.