Nokia announces leadership changes, possible cuts of up to 10,000 jobs

It's always sad to hear companies cutting back on employees, especially in this particularly challenging economic time. Then again, Nokia has to do something to turn around their financials.

While Apple and Google are rolling along in the mobile space, RIM and Nokia are struggling. Thus, it was sad to hear that Nokia may cut up to 10,000 jobs around the world, including shutting down production at a facility in Finland. They also announced several leadership changes in an attempt to refine their strategy and tighten up their strategy. Lastly, Nokia decided to sell off their Vertu brand to EQT VI.

Rafe and Steve have a good breakdown and summary of the press releases on All About Symbian. While it is unfortunate that up to 10,000 people will soon be looking for work, Nokia does need to focus and get back to a profitable situation to survive and succeed over the long term.

Regarding personnel, Nokia revealed the following changes:

Nokia today announced that it has appointed Juha Putkiranta as executive vice president of operations; Timo Toikkanen as executive vice president of Mobile Phones, Chris Weber as executive vice president of sales and marketing; Tuula Rytila as senior vice president and chief marketing officer; and Susan Sheehan as senior vice president of communications. Putkiranta, Toikkanen and Weber also will join the Nokia Leadership Team effective July 1, 2012. Nokia also announced the following executives are stepping down from the Nokia Leadership Team effective June 30, 2012 to pursue other opportunities outside of Nokia: Jerri DeVard, executive vice president and chief marketing officer; Mary McDowell, executive vice president of Mobile Phones; and Niklas Savander, executive vice president of Markets.

It is a time of change and 2012 will definitely be an interesting year in the mobile space. I look forward to seeing a PureView Nokia Lumia Windows Phone later this year or in early 2013.

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