Nokia to shrink online services, cut 450 jobs
Nokia this morning took extra steps to improve its finances and said it would scale back the development of its online services.
In addition to the reduced efforts, the company also warned that it would cut about 450 positions from its internal IT staff as well as its Compatibility & Industry Collaboration group, which handles support for outside services. The cuts are claimed by Nokia to be part of its existing job cut plan, though the total number of layoffs has expanded significantly over the past several months.
Source: Electronista
