The long-time Finnish maker of mobile phones, Nokia, announced today that they are preparing to reduce their workforce, according to Reuters. The cuts will start with 800 in Nokia’s home market of Finland. Overall, the company expects to eliminate 1800 jobs worldwide. This total number was announced back in October, but it was not clear at the time where the cuts would come from.
Observers suspect that many of the job losses are due to the de-emphasis of Symbian development. The layoffs are expected to go into effect in January. These employees aren’t being completely cut loose, though. Nokia has agreed to provide severance packages equal to 5-15 months of salary. While some of Nokia’s recent decisions leave us scratching our heads, it’s never good news to hear about tech layoffs. Do you think this says anything about Nokia’s future?
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