Nokia announced this morning that it will axe a whopping 10,000 jobs by the end of 2013, including hundreds of Canadians' jobs in an office outside of Vancouver.
“These planned reductions are a difficult consequence of the intended actions we believe we must take to ensure Nokia’s long-term competitive strength,” CEO Stephen Elop stated. “We do not make plans that may impact our employees lightly, and as a company we will work tirelessly to ensure that those at risk are offered the support, options and advice necessary to find new opportunities.”
As part of its "reductions within certain research and development projects," Nokia plans to completely shut down its facilities in Burnaby, BC.
“We are increasing our focus on the products and services that our consumers value most while continuing to invest in the innovation that has always defined Nokia,” explained Stephen. “We intend to pursue an even more focused effort on Lumia, continued innovation around our feature phones, while placing increased emphasis on our location-based services. However, we must re-shape our operating model and ensure that we create a structure that can support our competitive ambitions.”