Nokia to Slash Another 1,700 from the Payroll
Nokia has said that it plans further staff reductions in light of the slackening demand for cell phones worldwide. It said that it plans to cut up to an additional 1,700 jobs globally from the handset division, as well as staff from its marketing, support and corporate development units. Combined with cuts that were already announced, Nokia is expected to cut 10% of its staff worldwide this year, and hopes to save $909 million with these latest cuts.
Microsoft to Cut 1,850 Smartphone Workers
Microsoft today said it plans to further streamline its smartphone business, an action that includes job cuts and restructuring charges. The company plans to cut 1,350 jobs from its facilities in Finland, as well as another 500 jobs globally.
Nokia to Pare Down Its Technologies Unit
Nokia today said it intends to cut about 70 jobs from its Technologies unit. "Nokia Technologies has revised its long-term strategy and will consequently reshape [the] organization.
Sprint to Slice Unknown Number of Jobs
Sprint today said it plans to cut an unspecified number of jobs over the course of the next month. The cuts will include management-level and non-management jobs across the company's business units.
Sprint to Digest $150 Million Charge On Layoff Costs
Sprint will be forced to take a $150 million charge to cover costs associated with laying off staff, according to a filing with the SEC. Sprint announced plans to cut an undisclosed number of staffers earlier this year.