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Nokia confirms another 1000 layoffs

Written by Andre Yoskowitz @ 21 May 2016 6:39 User comments (1)

Nokia confirms another 1000 layoffs

Nokia has confirmed they are laying off another 1032 employees, this time in Finland, and across all business divisions.
Many expect the layoffs are part of a much larger move as Nokia tries to cut $1 billion in expenses by 2018 following their recent merger with Alcatel-Lucent.

Nokia's feature phone business, sold to Microsoft and recently sold again to Foxconn, was once the bread and butter of the company which has now become a networking tech giant.

Source (in Finnish):

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1 user comment

124.5.2016 13:51

I don't think this is surprising to anybody.

I hope they stay alive as I like Nokia products and quality in general.

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