Nokia announces 10,000 job cuts, management changes & Vertu sale
By: Rajat Agrawal |Jun 14th, 2012 at 02:02PM
Nokia just dropped yet another bomb today as it announced plans to cut off 10,000 jobs by the end of 2013 as well as sweeping changes to its senior leadership. The company also painted a dismal picture for its second quarter results and expects it to continue through the third quarter. It also announced it will be selling its Vertu luxury phone division to EQT VI, a European private equity firm.“We must re-shape our operating model and ensure that we create a structure that can support our competitive a...





