The poor state of the economy isn’t good news for anyone, not even the world’s top cellphone maker Nokia. The Finland based company has recently announced that they have been forced to cut 490 positions bringing the total number of layoffs for this year alone over 4,000. Nokia hopes that saying goodbye to these employees [...]

It looks like even the world’s largest mobile phone manufacturer will have to undergo job cuts as well. This was announced as Vodafone is set to cut off some jobs to be able to reduce costs amidst the economic slowdown. The company aims to announce the measures on Feb. 24, said the people, who declined [...]

Similar to Toyota, Philips Electronics will be announcing its first quarterly loss after almost six years. And whenever there is a loss, you know it has something to do with the economy. To be able to offset it, job cuts are bound to follow and that is exactly what Philips has declared. He announced that [...]