Finnish IT services firm Tieto Corp. announced plans to cut 1,300 jobs in Finland, Sweden and other countries as part of a restructuring program aimed at achieving annualized net savings of €50 million (US$66 million) by 2014. Tieto recently took on 240 employees from NSN in an outsourcing contract for mobile network OSS R&D. (See NSN Outsources Some OSS R&D to Tieto.)
Friends Reunited, the original but thought-to-be extinct U.K. social network, is to be relaunched as a place for "collecting and keeping memories," according to the Daily Telegraph. Friends Reunited, which gained notoriety for rekindling schooldays romances and consquently causing hundreds of divorces, was started by a husband-and-wife team in 2000, got bought by U.K. broadcaster ITV for £175 million ($277 million) which sold it two years later to Brightsolid for just £25 million ($39 million).