Nokia lay-offs coming?

Finlanders are expecting widespread lay-offs at Nokia, one of the biggest employers in that country. Nokia is to Finland, what Wal-Mart is to USA. According to IP Inferno, “the company is bracing for widespread layoffs when the traditional July holiday season comes to an end. It is important to understand that despite its technology driven organization, at the top Nokia is run by people from the financial world. There will be a focus on margins and a healthy near-term business before there is a focus on long-term structural issues.”

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