Nokia To Cut 10,000 Jobs and Close 3 Facilities 350
Posted
by
timothy
from the role-of-management-is-to-suck dept.
from the role-of-management-is-to-suck dept.
parallel_prankster writes "NY Times reports that Nokia said on Thursday it would slash 10,000 jobs, or 19 percent of its work force, by the end of 2013 as part of an emergency overhaul that includes closing research centers and a factory in Germany, Canada and Finland, and the departures of three senior executives. The company also warned investors its loss was likely to be greater in the second quarter, which ends June 30, than it was in the first, and that the negative effects of its transition to a Windows-based smartphone business would continue into the third quarter. Nokia, based in Espoo, Finland, posted a loss of €929 million, or $1.2 billion, in the first quarter as sales plummeted 29 percent. Once the undisputed global leader in the mobile phone business, Nokia has been outcompeted by Apple, as well as by Samsung and other makers of handsets running Google's Android operating system." (Here's another source, if you're hit by the NYT paywall, and the company's own positive spin.)
"negative effects of its transition to a Windows-" (Score:5, Funny)
Whaaaaat?!?! Really? This is a tremendously unexpected turn of events that nobody outside of your boardroom dealings would have EVER suspected!
What a factory! (Score:3, Funny)
a factory in Germany, Canada and Finland
That's some factory--Nokia must have invented some kind of trans-dimensional technology. Surely that's worth a few bucks to someone?
10,000 workers and 3 executives are going? (Score:5, Funny)
Another round or two like this and the company will be all executives, no workers. That should help get them going in the right direction.
Re:No good news in that (Score:5, Funny)
The MS deal didn't really have anything to do with it. Nokia lost its way almost a decade ago. They flailed around trying a large number of incompatible things, with no overall direction. The Symbian kernel rewrite was probably the last good thing they did and they failed to couple it with a decent userland, so Symbian programmers were still stuck with APIs that were designed for systems with under 4MB of RAM. They made a few half-hearted attempts at moving to Linux (ignoring the fact that they already had a decent kernel, it was their userland that was the problem), and then seemed to completely lose the plot.
The MS deal was just another failure to fix the situation, in a long line of similar failures. It wasn't the cause, just another failed attempt at recovery.
Re:A brilliant mix of capitalism and socialism,... (Score:5, Funny)