A private equity firm will pick up the optical business for an undisclosed amount, relieving NSN of one its last remaining ties to wireline networking. NSN’s focus on 4G appears to paying off. In the last year, it’s won key contracts and turned record profits. Read more »
Faced with increasing pressure from its telecom vendor rivals as well as the poor economy, Alcatel-Lucent is cutting its workforce by 7 percent. In order to generate revenue, the vendor is looking toward its vast patent pool, setting up a new intellectual property management division. Read more »
After Nokia axed development of its semi-secret Meltemi operating system, hundreds of workers in Ulm, Germany, found themselves jobless. Now they’ve set up a ‘talent and job offer’ campaign to hawk around their services. Read more »
When T-Mobile USA laid off thousands of workers in March, it wasn’t quite done handing out the pink slips. On Tuesday T-Mobile said it would enter into its next phase of restructuring, which means more layoffs on top of 1900 cuts it has already made. Read more »
Microsoft officials have confirmed that the company is making another round of job cuts today, according to reports from TechFlash and PaidContent. Rumors of the cuts have been widely circulated. The software giant is eliminating 800 jobs around the world, TechFlash reports, citing Microsoft spokesman Lou […] Read more »
YouTube is in talks with Hollywood studios about renting movies through the video-sharing site, according to the Wall Street Journal‘s sources. From the Journal: Now YouTube is talking to Lions Gate Entertainment Corp., Sony Corp. and Warner Bros. about integrating newer titles into the existing YouTube […] Read more »
[qi:011] AT& T announced this morning that it is going to cut 12,000 jobs, or 4 percent of its workforce, joining a long list of companies that are making cuts in response to the economy’s growing woes. These job cuts are not a surprise, because AT&T […] Read more »
