Nokia is planning to cut about 100 "strategy jobs" globally

It's tough to say exactly what has transpired to cause the world's largest cell phone manufacturer to shutter 100 jobs around the world. One of Nokia's spokeswoman announced that the company plans to cut 100 “strategy jobs” out of a total 330 from different parts of its operations, but it wasn't made clear as to what these positions entailed. Nokia has been making some headlines of late as they announced a partnership with Yahoo, unveiled a slew of new phones geared for emerging markets, and is hopeful about seeing the company move to new heights with the Nokia N8. However, we've seen the company show its vulnerability after reporting some not so stellar first quarter earnings – which also plays to their grasp in the world's market share. Although they've been a dominant force in the industry for quite some time, fierce competition has slowly taken away their shiny luster.

source: Reuters