Nokia to lay off approximately 615 employees

Nokia has today announced plans to lay off approximately 450 staff in it's Markets unit, 130 staff from the Nokia Research Center, and 35 staff from it's global process operations.

"Today's changes are part of Nokia's constant renewal where it isimportant to be close to our customers and ensure that our people areable to focus on the key business priorities. Also, our aim is to findalternative work within Nokia for as many employees as possible," saidJuha Äkräs, Senior Vice President, Human Resources, Nokia (pictured).

These changes are in spite of Nokia's continued global market share increases in Q3 2008, but with the current challenging financial environment perhaps this drive to cut costs is not too surprising.

source: Nokia