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 [...]

The layoffs continue and Nokia is biting. Despite being the world’s largest mobile phone maker, Nokia has to cut down its workforces as well. With an expected layoff of as many as 1,000, a voluntary departure package has been laid out. However, these layoffs will not impact the firm’s Indian operations, for it being one [...]

Cell phone manufacturers are being hit hard by the current recession and have started a wave of lay-offs that promises to continue into 2009 and possibly beyond. Sprint-Nextel, suffering from a huge fourth quarter loss, recently announced it will lay off 8,000 workers, or 13% of its total work force. Texas Instruments, a company that [...]