The once mighty telecoms giant Nokia has been going through some difficult times over the last few years and this week’s announcements only confirms that the company is going through more trying times.
The Finnish company has announced that it has let go of three of its top executives, but more than this, it has also announced that it is laying off 10,000 people. Other announcements include the shut down of three facilities and the sale of its luxury brand Vertu. The only positive bit of news, if you can call it that, is Nokia’s decision to buy imaging technology from Scalado. [Read more…]