Friday, June 15, 2012

Nokia sells Vertu, shuffles execs, announces plans to cut 10,000 more jobs

Nokia sells Vertu, shuffles execs, announces plans to cut 10,000 more jobs

. Nokia on Thursday announced a number of moves as it cut second-quarter guidance and upped its bet on Windows Phone, which has yet to help slow a slide that saw the struggling vendor lose nearly $3 billion over the past two reported quarters. Nokia lost $1.2 billion in the fourth quarter last year and another $1.7 billion in the first quarter as the company attempted to regain its footing in an industry that passed it by several years ago. The vendor has shed thousands of jobs recently, and on Thursday Nokia announced it will lay off 10,000 more workers between now and the end of 2013 as it reshuffles a number of executives.

Boy Genius Report , Nokia sells Vertu, shuffles execs, announces plans to cut 10,000 more jobs, Nokia sells Vertu, shuffles execs, announces plans to cut 10,000 more jobs

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