Wednesday, May 5, 2021

Nokia Cutting 10,000 Jobs

PCMag: Nokia has announced major restructuring plans that will result in layoffs for up to 10,000 employees. In addition, three top executives will exit the company, and the struggling Finnish smartphone maker will also shutter three locations in Germany, Canada, and Finland. “With these planned actions, we believe our Devices & Services business has a clear path to profitability,” said Nokia CFO Timo Ihamuotila.

The company plans to shift its focus to its Lumia smartphones and will soon introduce lower-cost phones under the Lumia name.

Similar articles

Latest Articles

What is Raw Data?

By itself, raw data doesn’t look like much or mean much, but it has the potential to be processed for analysis.  Processed data comes from...

What is Data Analysis?

Everything measurable that has happened, is happening, and will happen in a business can be boiled down to data. But not all data is...

IBM Begins Cloud Confidentiality...

IBM has positioned its cloud offering against the unique security, compliance and confidentiality needs of specific vertical markets with a sharp focus on finance...

Top Big Data Certifications...

The term Big Data reflects a very real growing trend. By 2020, every human will be generating an astounding 1.7 MB per second. That...