Deathwatch: Nokia to cut 10,000 jobs
These days, Nokia is bumbling around like a dog that really needs to be put down as an act of mercy. All the news that comes out of Nokia HQ is bad news. And now the beleaguered company is trying to stay alive by cutting a further 10,000 jobs over 18 months.
That means, since September 2010, they've had to cull more than 40,000 people from the firm. A lousy state of affairs, brought on by losing ground to HTC and Apple. It doesn't end there either. Nokia has also announced a £760m first-quarter loss last month.
Nokia still has hope (Christ, it's awful to watch such blind desperation) saying that they are aiming to getting back to profit-making ways by sharpening-up their strategy and improving their operating model.
Meanwhile, shares have crashed more than 70%.
Nokia dropped their own Symbian smartphone OS and switched to Microsoft's Windows Phone system, which hardly anyone uses. All the while, Apple's iPhone goes from strength-to-strength, as does Google's Android, with Samsung and HTC really throwing their weight around at the minute.
Once upon a time, Nokia made the best and most popular phone around and now, it needs to get something sorted or it'll vanish, assigned to the great skip in the sky filled with cassettes, MiniDisc players and Atari Lynx games.