Nokia on Thursday announced a number of moves as it cut second-quarter guidance and upped its bet on Windows Phone, which has yet to help slow a slide that saw the struggling vendor lose nearly $3 billion over the past two reported quarters. Nokia lost $1.2 billion in the fourth quarter last year and another $1.7 billion in the first quarter as the company attempted to regain its footing in an industry that passed it by several years ago. The vendor has shed thousands of jobs recently, and on Thursday Nokia announced it will lay off 10,000 more workers between now and the end of 2013 as it reshuffles a number of executives. Nokia said it expects these new restructuring efforts to cost €1 billion on top of the €900 million tied to its previous restructuring plans. Read the full story at Boy Genius Report.
About Shelly Palmer
Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with AI strategy, implementation and governance, as well as technology, media and marketing. Named one of LinkedIn’s Top Voices in Technology, he is a bestselling author, covers tech and business for Fox 5’s Good Day New York, is a regular commentator on CNN, and writes the popular daily business blog Think About This. Follow @shellypalmer or visit shellypalmer.com.