Nokia (NOK) confirmed that it is offloading more than 1,000 jobs as part of an effort to cut costs as its struggles continue. The Associated Press reports that Nokia will cut 300 IT jobs and outsource 820 more to HCL Technologies and TATA Consultancy Services, both of which are based in India but have facilities in Finland. Nokia confirmed the moves and noted that they are part of a larger effort announced last June, in which Nokia will trim 10,000 jobs in an attempt to save €1.6 billion by the end of this year. Nokia reported last week that it sold 4.4 million Windows Phones in fourth quarter, a clear improvement but further evidence that any comeback Nokia mounts will build very slowly.
New round of layoffs sweeps Nokia
Published Jan 17th, 2013 8:35AM EST
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Zach Epstein has been the Executive Editor at BGR for more than 15 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.
His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.
