Nokia announced another small set of layoffs to help trim its operating costs and increase operational efficiency. This time round the Finnish manufacturer is targeting its IT department and reducing this division to meet the company’s “current size and scope.”
Nokia is slashing 300 IT jobs from its ranks and transferring another 820 positions to HCL Technologies and TATA Consultancy Services. Most of these cuts will affect employees in Nokia’s home country of Finland. This is the last round of cuts in the restructuring plan that Nokia announced in June 2012.
Hopefully, Nokia is on more stable footing financially and won’t have to announce another set of layoffs when it unveils its Q4 2012 and Fy2012 earnings on January 24, 2013.