Nokia has been going through a very rough transition in the last couple of years since they abandoned the antiquated Symbian OS and switched to Microsoft’ Windows Phone platform. During this time, they have had to make some major sacrifices just to stay afloat and have only now begun the road to recovery.
The Associated Press is now reporting that Nokia will slash 1000 jobs from the company to try and streamline operations and reduce costs; 300 people in the IT sector will lose their jobs with another 820 being outsourced to “strategic partners”.
This is just the latest round of lay-offs which will be taking place in Finland. Nokia’s plan, announced last summer, is to cut a total of 10,000 jobs and move almost all manufacturing tooperations in Asia; all these cut will reportedly amount to savings of €1.6 billion ( $2.1 billion) by the end of 2013.
According to a preliminary financial report published last week, Nokia is slowly starting to recover, having sold 4.4 million Lumia devices in the holiday quarter. This was the first time Windows Phone devices have outsold Symbian for the Finnish company. However, Nokia is still not profitable yet and there are still lots of hurdles to come; more information will be released on the 24th of January when Nokia publishes their full financial results for Q4 of 2012.
Source: Yahoo News