reductions | Windows Central

1080P vs 4K

How important is 4K gaming on the Xbox One X to you?

Surface > Mac

Microsoft's latest device lineup truly (and finally) rivals Apple's

New pen is mightier than the old pen

Own an older Surface? Here's what you should know about the new Surface Pen

Driving back in time

Wondering why ALL Microsoft's Windows drivers are dated June 21?

A good port

Spotify shows the world how to do Centennial apps the right way

♏ vs. 🅿

Here's how the Xbox One X stacks up to Xbox One S and PS4 Pro

Cream o' the crop

Before buying a Microsoft laptop, check out our pick for the absolute best

(╯°□°)╯︵ ┻━┻

Share your experiences with Microsoft tech support for Windows 10 Mobile

What's the difference?

What to expect from ‘Xbox One X Enhanced’ games

Best o' E3

Ashen for Xbox One was the best game we saw at E3 — here's why

AR hearts and minds

Will Apple beat Microsoft to the AR punch?

ThinkPad Mini

The updated ThinkPad X1 Tablet has a few unfortunate flaws

To be continued

Windows 10 Fall Creators Update: Everything we know so far

all in on alcantara?

Are you a fan of the Alcantara on Microsoft Surfaces and Type Covers?

Versatility perfected

Surface Pro 2017 review: A 2-in-1 you'll actually want to use

Cshell Cshell by the Cshore

What does 'CShell' mean for Windows Mobile?

Marketing matters

Microsoft needs to grab mixed reality mindshare (now) or someone else will

Surface Laptop > Surface Book?

What Surface Book users will love about Surface Laptop

Marketing matters

3D is for everyone (says Microsoft), so why isn't it marketing Paint 3D?

Switch now

Switch to Sprint, get free unlimited calls, texts and data for a year!

< >

SHOP: Surface Laptop | Surface Pro (2017)

reductions

Although the Scalado news is inspiring, Nokia is still in the rough as it plans to layoff nearly 10,000 workers by the end of 2013 in a continued restructuring of the company.

In addition, the Finnish firm is planning to close its facilities in Ulm, Germany, Burnaby, Canada and its manufacturing facility in Salo, Finland (Research and Development efforts in Salo will remain) while focusing on their Lumia line of phones including "broadening the price range of Lumia and continuing to differentiate with the Windows Phone platform". Part of the cost savings move has also been the successful divestment of the Vertu luxury line of Nokia phones to EQT VI for a rumored 200 million euros ($260 million).

Finally there are leadership changes as well including the promotion of former Microsoft executive Chris Weber from President of Nokia Inc. (US), and head of Markets, North America to executive vice president of Sales and Marketing, where he will join the leadership team of Nokia. The other changes in Nokia's leadership team can be found here.

So what does all of this amount to? There is a lot going on at Nokia including a dramatic reshaping of the company under CEO Stephen Elop driven mostly by market demands and the recent realignment of the company around Windows Phone. Analysts and equity firms have been downgrading Nokia stock for weeks now and this is their response which equates to massive cutbacks both in terms of people and facilities, potentially saving the company a lot of money during these tight times.

Nokia has previously lost 24% of its market share losing out to Samsung for top manufacturer. With the continued stampede of iPhone and Android, Nokia will be relying on Windows Phone 8 and its increasingly popular Lumia line to save it from financial despair. 

Nokia stock is currently trading at $2.79 a share which is near it's 52 week low of $2.61. It will be curious to see how the market responds to these proposed cutbacks and restructuring.

Source: Nokia

More →