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Nokia to shed 7,000 staff as part of reorganisation
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tissot
2011-04-27 , 21:09
Posts: 1,839 | Thanked: 2,432 times | Joined on May 2009
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Nokia got by far the largest R&D department and costs in the business.
The plan already announced by Elop earlier was that they will shed 1 billion from Devices and Services till 2013 where i'm sure most goes away of R&D. If that whole billion would go away from R&D Nokia would still be tied number one with Samsung in the R&D department. Way way ahead of Apple, RIM, Motorola etc.
Just maybe it was about time to get some sense to that side that has clearly been running on circles.
Nokia's+NSN combined R&D is $7.8 billion in 2010. More than Google or IBM.
Last edited by tissot; 2011-04-27 at
21:13
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