Nokia unveils job cuts across all departments

Nokia has announced it is to axe 1,700 jobs globally with cuts to be made to the sales, marketing and technology management.

The mobile company says the job losses will come from the Devices and Markets units as well as its Corporate Development office and global support functions.

Nokia is the market leader in handsets and is making the job cuts “to match the pruned portfolio and global consumer demand.”

The company also recently acquired Symbian and will be rationalising marketing and other activities “that no longer remain integral.”

The company previously announced that it was formulating plans to adjust business operations and its cost base in the face of slowing demand.

Nokia is currently reviewing its £300 million global media planning and buying account on which Mediacom is the main incumbent.

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