Nokia Cuts Jobs
The Finnish company stressed that its Internet services strategy has not changed and that it was still focused on music, games, messaging, and location-based services. (See Nokia N-Gages With Mobile Games.)
Nokia has had some success with signing up a few key operators to its Ovi services, including Telecom Italia Mobile SpA (Milan: TIM), Telefónica SA (NYSE: TEF), and Vodafone Group plc (NYSE: VOD). (See Telefónica Hugs Ovi, Vodafone Opens the Ovi, and Nokia, TIM Do the Net.)
Nokia said it plans to hire more than 200 people in the Services and Software division, so it is likely that most of the affected employees can be moved to new jobs in the company.
— Michelle Donegan, European Editor, Unstrung