Nokia Oyj reduced its earnings forecast for the second time this
year and said it will cut as many as 10,000 more jobs and shut
production and research sites in Chief Executive Officer Stephen
Elop’s biggest overhaul.
The stock fell 18 percent to the lowest level since 1996, pushing
Nokia’s market value below $10 billion.
Brutal news. I really hope Nokia pulls out of this — they’re doing some great work lately.