Nokia Slashes 450 Jobs Worldwide

The world’s leading handset maker Nokia on Tuesday announced that it would axe another 450 jobs across the globe, in a bid to reduce costs to address the slumping demand for mobile phones.

“Altogether, approximately 450 employees globally will be impacted by the plans announced today, of which a maximum of 100 in Finland”, the company said in a statement.

The move is intended to realigning its flourishing services business, and to bolster avenues for third party developers along with enhancing the creation of common platform for its various offerings.

The company further went on to say that the new set of changes, which involves making its variety of gaming contents to be available via its signature Ovi Store along with other existing dedicated channels, will eventually lead to simplified and better user experience across its services.

In addition, the Finnish giant avowed that it would add a wide range of third party partners, including social networking platforms, to its devices’ image capture and sharing capabilities.

Earlier this month, the company reported a whopping 90 percent drop in profits for the first quarter to 122 million euros, while its earnings were impacted by declining handset demands amid global economic crunch.

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Our Comments

Nokia is feeling the pinch. A drop of 90 percent in its profits as well as the onslaught by competitors like iPhone and Blackberry at the very top of the market. This had a devastating effect on its average revenue per user. Interesting to see that it is currently looking to overhaul its Ovi store, certainly to catch up with Apple App Store which celebrated its one billionth download.

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