Nokia to axe up to 14,000 jobs to cut costs
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Re: Nokia to axe up to 14,000 jobs to cut costs
#2Today they have 86000 employees so the reduction is about 16% of the total work force.
It's not nothing but I wonder where and what types of work gets cut first. Usually it's not people producing stuff like programmers but roles that companies in times of trouble realize they can be without.
Re: Nokia to axe up to 14,000 jobs to cut costs
#3Completely forgot that they now own Bell Labs.
I wonder what Nokia have as a core revenue stream these days? They really dropped the ball when the iPhone & Android came to market (and to a lesser extent, the Blackberry).
Guess they're still making a killing on telco hardware/software/infrastructure.
Re: Nokia to axe up to 14,000 jobs to cut costs
#4Is this the normal course of things?
"We are now beginning the process of consultation on initial reductions."
I'm not in the know.. but it comes off as if they have no idea what they're doing. You'd think you'd decide who you are gunna lay off before announcing it..? And they will be laying people off for two years straight? Seems like it'd just tank the moral of the whole place.
I thought companies generally rip the bandaid off and do it all very quickly - and have a concrete plan before an announcement
Re: Nokia to axe up to 14,000 jobs to cut costs
#5Today they have 86000 employees so the reduction is about 16% of the total work force. It's not nothing but I wonder where and what types of work gets cut first. Usually it's not people producing stuff like programmers but roles that companies in times of trouble realize they can be without.
I can assure you personally that there are all kinds of sectors impacted (also R&D). This is happening also to get rid of people with large salaries and upgrade cheap sites.
Re: Nokia to axe up to 14,000 jobs to cut costs
#6Probably means that folks in Finnish, German, and US offices are out, and in Romanian and Polish offices will receive no rises of their already meager salaries.
Re: Nokia to axe up to 14,000 jobs to cut costs
#7Today they have 86000 employees so the reduction is about 16% of the total work force. It's not nothing but I wonder where and what types of work gets cut first. Usually it's not people producing stuff like programmers but roles that companies in times of trouble realize they can be without.
That and also refocus efforts on revenue producing products/departementets.
I just hope Nokia has learned from their mistakes and don’t cut too much from their R&D.
Re: Nokia to axe up to 14,000 jobs to cut costs
#8Nokia’s been a zombie corporation for a long time. This isn’t news… this was a scheduled calendar event from at least as far back as 2007.
Re: Nokia to axe up to 14,000 jobs to cut costs
#9Is this the normal course of things? "We are now beginning the process of consultation on initial reductions." I'm not in the know.. but it comes off as if they have no idea what they're doing. You'd think you'd decide who you are gunna lay off before announcing it..? And they will be laying people off for two years straight? Seems like it'd just tank the moral of the whole place. I thought companies generally rip th…
In the EU you are generally required to inform and consult with staff in advance of large-scale redundancies. https://europa.eu/youreurope/business/human-resources/employ...
Re: Nokia to axe up to 14,000 jobs to cut costs
#10Today they have 86000 employees so the reduction is about 16% of the total work force. It's not nothing but I wonder where and what types of work gets cut first. Usually it's not people producing stuff like programmers but roles that companies in times of trouble realize they can be without.
I had no idea what they are up to these days.
I own a button dumb phone by Nokia, it's fine but would not explain even 1% of that employment number.
PA says they're making telecom equipment now. Fun thing it also mentions Ericsson, which used to make phones under its brand, then Sony-Ericsson smartphones (not unlike Microsoft-Nokia) and then had to drop it completely.