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Nokia job cuts don't and won't impress anyone

Bolaji Ojo
6/14/2012 07:31 PM EDT

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krisi
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re: Nokia job cuts don't and won't impress anyone
krisi   6/19/2012 12:01:37 PM
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300M Euro injection from the Finnish goverment is a good news...hopefully it will spur innovation at numerous start-ups...who knows maybe in teh long run that would pay off for the country...Kris

Traces
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re: Nokia job cuts don't and won't impress anyone
Traces   6/18/2012 5:59:08 PM
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I think you'd dissolve the company when you decide there's no competitive business units left within the company. Although shareholders can redily sell shares now, if there's a stampede to sell then it wouldn't be the case...

NTownsend
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re: Nokia job cuts don't and won't impress anyone
NTownsend   6/18/2012 2:07:54 PM
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Has Nokia disclosed what its future plans are? Is there any indication, besides not getting with the technological trend, what it plans to do with a smaller sized company? Downsizing means more than just refusing to get with the times, it could mean totally revamping its structure.

alex_m1
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re: Nokia job cuts don't and won't impress anyone
alex_m1   6/17/2012 10:37:54 PM
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The finnish government is arranging a 300 million euro subsidy to help ex nokia employees open startups. So instead of a big company , we might just see a growing startup ecosystem.

DrQuine
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re: Nokia job cuts don't and won't impress anyone
DrQuine   6/16/2012 4:22:00 PM
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Nokia started as a paper mill (1865) then moved into power generation (1902) and ultimately became the top provider of mobile phones (1998 to 2012). Sounds like time for another re-invention. Perhaps their technical talent could solve email spam / phishing attached for once and for all. It would be a huge contribution to humanity and their bottom line.

krisi
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re: Nokia job cuts don't and won't impress anyone
krisi   6/16/2012 12:48:41 PM
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I had a good chuckle Rich reading your joke...have you ever considered career in comedy? Kris

david.may
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re: Nokia job cuts don't and won't impress anyone
david.may   6/16/2012 12:42:39 AM
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iv not yet seen the obvious stated here , diversify in to vertical markets, there's far more to ARM Cortex, 3G and 4G than just mobile phones. the onset of DATA ONLY pay a you go 3G proved years ago that the real end users that ultimately drives the profit growth of all the mobile phone market would like more and faster machine to machine data. a nice selection of retail meshed private mobile data longer range M2M personal and business network ARM/3G devices at a reasonable and fixed cost would be a nice innovative start to stream that latest CES/Computex etc HD video to your hotel room with that mini portable ARM NAS server you setup before going to the show floor as just one blue sky idea of the top of the head :)

daleste
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re: Nokia job cuts don't and won't impress anyone
daleste   6/16/2012 12:07:09 AM
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Traces: I agree about Motorola. Is Nokia headed down that same path? At least Moto had some diversification that might have helped cusion the fall.

selinz
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re: Nokia job cuts don't and won't impress anyone
selinz   6/15/2012 9:34:34 PM
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@traces: Dissolve company? to what end? Any shareholder can simply sell their stock now and get more than your doomsday scenario. Getting smaller is not the end of the world, but there has to be concomitant job loss to go along with it.

krisi
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CEO
re: Nokia job cuts don't and won't impress anyone
krisi   6/15/2012 2:25:25 PM
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Your are right @Traces, in either case most people will loose their jobs and pride of Finland will suffer...what might be particularly tough for them is teh fact that beyond Nokia they don't have much high-tech industry unlike say Sweden or Norway that have hundreds of smaller but more diversified companies than one huge conglomerate...Kris

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