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Nokia-Siemens Axing 17,000 Positions

Posted by Unknown on from the competition-is-tough dept.

alphadogg writes with troubling news for the network hardware joint-venture between Nokia and Siemens. Quoting the article: "Struggling network infrastructure vendor Nokia Siemens Networks is planning to cut 17,000 jobs worldwide, as it aims to cut $1.35 billion from its costs by the end of 2013, the company said Wednesday. About 23% of the company's 74,000 employees will be laid off. The 4 1/2-year-old joint venture between Nokia and Siemens has been struggling to compete with Swedish Ericsson and Chinese vendor Huawei. Parent company Nokia's ongoing problems have made Nokia Siemens' situation even more difficult."

4 of 87 comments (clear)

  1. Re:People are not the largest cost of doing busine by Anonymous Coward · · Score: 0, Troll

    Who cares? It's more important that they keep their profits high for each quarter, so the CEO can get a bigger bonus. Why should the CEO care about his company's long-term future?

    Exactly. There's no point worrying about the long term when the government can put your company out of business overnight with some new law or regulation.

  2. Elop MS - SM Pole by Anonymous Coward · · Score: 0, Troll

    ELOP-POLE http://en.wikipedia.org/wiki/Impalement

    SM - http://en.wikipedia.org/wiki/Sadomasochism
    Sadomasochism broadly refers to the receiving of pleasure—often sexual—from acts involving the infliction or reception of pain or humiliation.

    MS - http://www.urbandictionary.com/define.php?term=MICROSOFT
    Organisation bent on world domination masquerading as a software company.

    YOU ASKED FOR IT, IDIOTS

  3. Re:Qt? by Anonymous Coward · · Score: 0, Troll

    Technically correct. Dying alone work for you?

  4. You don't know what you're talking about by Colin+Smith · · Score: 0, Troll

    This argument is silly, the Fed's chief goal is market stability, and sustained growth.

    No you simply have no idea what you are talking about, and have contradicted yourself within a single sentence but are nevertheless quite happy to expound your ignorance to the rest of the world.

    Go watch Alfred Bartlett.
    http://www.youtube.com/watch?v=F-QA2rkpBSY

    Watch all of the sections from start to finish.

    This could not be described as stability

    --
    Deleted