Nokia cuts another 10,000 Jobs by End of Year

Nokia makes executive changes and plans to cut more jobs world-wide.

Jun 14 2012, 2:41am CDT | by Luigi Lugmayr

15 Updates

Nokia cuts another 10,000 Jobs by End of Year

Nokia is still hurting bad. The Microsoft partnership is not having a fast enough impact to save Nokia from making further cuts. Now the Finish mobile company is making further changes to the...

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Update: 15

Quote:
"This is the kind of deal I have been thinking about ever since Microsoft and Nokia got together on the Lumia wireless phones ... This is the perfect time for Microsoft to extend beyond their traditional business, and acquiring Nokia could be their ticket to do just that."

Source: Macworld UK

Update: 14

Nokia ‘confirms’ Lumia phone with 41MP camera

Source: Times of India

NEW DELHI: Nokia changed the benchmark for smartphone cameras last year when it launched the 808 PureView with 41MP snapper. It was rumoured to have included this camera in its flagship Lumia 920 last year, but that was not to be. H ...
Full article at: Times of India More like this 28 minutes ago

Update: 13

Powerful 41MP PureView camera teased for Nokia EOS

Source: Tech.co.uk

The numerous rumours surrounding the Nokia EOS and its absurdly powerful 41MP camera have been given further justification after Nokia itself posted a teaser on its website. We expect to see the Nokia EOS o ...
Full article at: Tech.co.uk More like this 33 minutes ago

Update: 12

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Update: 11

Microsoft Walked Away from Deal to Buy Nokia's Phone Division

Source: Cellular-News

Although often denied, it would appear that Microsoft and Nokia were in merger talks as recently as last month, until the talks broke down over the price being offered. That Nokia was even willing to enter into such talks signi ...
Full article at: Cellular-News More like this 55 minutes ago

Update: 10

What Company Might Buy Nokia? The Smartphone Industry’s Biggest Question

Source: 24x7 Wall St.

According to several news reports, Microsoft Corp. (NASDAQ: MSFT) made it into advanced discussions to buy troubled handset company Nokia Corp. (NYSE: NOK). Talks with other handset, personal computer and consumer electronics corpora ...
Full article at: 24x7 Wall St. More like this 56 minutes ago

Update: 9

Microsoft and Huawei eye Nokia buyout, but interest cools for now

Source: IT Pro Portal

Microsoft considered buying Nokia's handset business, according to sources cited by the Wall Street Journal, but it appears talks have fallen through. The sources said that the two companies held “advanced talks” about an acquisition as recently as ...
Full article at: IT Pro Portal More like this 1 hour ago

Update: 8

Microsoft "held talks" to acquire Nokia's handset business

Source: PC Pro

Microsoft held talks with Nokia about buying its handset unit, but stopped short of a deal after disagreements over price. The sources didn't say how much Nokia had asked for, but Nokia is currently worth about $14.3 billion, and makes half its revenue ...
Full article at: PC Pro More like this 1 hour ago

Update: 7

Report: Microsoft and Nokia talked acquisition

Source: Macworld UK

Microsoft and cellphone maker Nokia were in advanced talks about an acquisition of the Finnish company's device business, but the discussions have broken down, according to a report in The Wall Street Journal. Such a deal might ...
Full article at: Macworld UK More like this 1 hour ago

Update: 6

Nokia Keeps Its Handset Division, Despite Microsoft’s Interest in It [WSJ]

Source: Softpedia

Finnish telecoms giant Nokia will continue to make mobile phones despite increased interest from Microsoft into its handset division. The company, long striving to regain the leading position it once had on the mobile phone market, has no plans on sel ...
Full article at: Softpedia More like this 1 hour ago

Update: 5

Five cool and wacky accessories for your Nokia Lumia

Source: Nokia Conversations

However, apart from Nokia’s official line, there are plenty of other gadgets that you can use alongside your Nokia Lumia. Some are amazing, some are clever and some are downright wacky. Here, we’ve chosen five of the coolest third-party accessories for ...
Full article at: Nokia Conversations More like this 1 hour ago

Update: 4

Has Nokia just confirmed the EOS PureView 41mp cameraphone?

Source: Shiny Shiny

One of the most exciting phones of 2013 looks set to be Nokia's 41 mega pixel cameraphone the EOS PureView. Except that the handset hasn't yet been confirmed by the company. This follows the teasers that the company sen ...
Full article at: Shiny Shiny More like this 2 hours ago

Update: 3

Former Apple and Nokia execs join HTC

Source: CNET Asia

Following the departure of Lennard Hoornik, HTC Asia's President, the company in the interim, has been under CFO's Chang Chia Lin's leadership. The good news is that the company has found someone, and that some ...
Full article at: CNET Asia More like this 2 hours ago

Update: 2

Nokia hints at 41-megapixel smartphone launch at 'Zoom reinvented' event

Source: NDTV

Nokia is holding a press event on July 11, 2013 in New York City to announce a new smartphone. The company has already sent out invites titled "Zoom reinvented". Most rumours suggests that the company will be unveiling its 41-megapixel monste ...
Full article at: NDTV More like this 3 hours ago

Update: 1

Microsoft Reportedly Trying to Buy Nokia [WSJ]

Source: Softpedia

Redmond-based technology giant Microsoft and its number one partner on the Windows Phone market have been involved in a new round of negotiations concerning a potential merger of the two. The Wall Street Journal writes that Microsoft has tried to take ov ...
Full article at: Softpedia More like this 3 hours ago

Full Story

Nokia cuts another 10,000 Jobs by End of Year

Nokia is still hurting bad. The Microsoft partnership is not having a fast enough impact to save Nokia from making further cuts. Now the Finish mobile company is making further changes to the management team and plans to cut cost by reducing the number of employees by 10,000.

Nokia has appointed Juha Putkiranta as executive vice president of operations; Timo Toikkanen as executive vice president of Mobile Phones, Chris Weber as executive vice president of sales and marketing; Tuula Rytila as senior vice president and chief marketing officer; and Susan Sheehan as senior vice president of communications.

Nokia also announced the following executives are stepping down from the Nokia Leadership Team effective June 30, 2012 to pursue other opportunities outside of Nokia: Jerri DeVard, executive vice president and chief marketing officer; Mary McDowell, executive vice president of Mobile Phones; and Niklas Savander, executive vice president of Markets.

Via Bloomberg.

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Luigi Lugmayr
Luigi Lugmayr (Google) is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

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