Fortunately, an agreement was reached between Nokia and the employees they are cutting ties with. The agreement will see that the laid off employees will get severance pay for anywhere from 5-15 months. Some of the laid off employees may even get other positions with the company, though details of that situation will most likely remain within the walls of Nokia.
Nokia is certainly not the only company having to cut back on their workforce, and it should come as no surprise given how their competition has thickened and the current state of various worldwide economies. Tell us what you think in the comments below.
source: Engadget Mobile