Nokia Siemens Networks lays off 1,500 employees

Nokia Siemens Networks announced on Friday that it will begin to layoff 1,500 of its employees. The affected staff are part of its WiMAX and GSM divisions, and a spokesperson told Reuters that many of the employees were originally brought on as part of NSN’s infrastructure purchase from Motorola. In March, Nokia Siemens Networks tried to renegotiate the $1.2 billion deal with Motorola to leave the GSM division out of the purchase. Nokia Siemens has had trouble trying to record a profit and its two parent companies, Nokia and Siemens, recently ditched an effort to sell the joint venture.

Read