Nokia to slash over 1,100 IT jobs

The company announced today that it will layoff 300 employees and will transfer 820 employees to HCL Technologies and Tata Consultancy Services.

Nokia today announced that it was cutting over 1,100 IT jobs from its workforce.

The company says that it will lay off 300 employees currently working in an IT function. Nokia will also transfer up to 820 employees to IT services firms, HCL Technologies and Tata Consultancy Services.

Nokia announced in June that it would make broad cuts -- about 10,000 layoffs -- across its business to save money and make its operation more agile. According to the company, the IT cuts will be the last part of that plan.

Nokia will offer employees affected by the layoffs "both financial support and a comprehensive bridge support program," the company said today. The vast majority of affected employees are based in Finland.

 

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