This is in result going to affect the employees as well, as Nokia today announced that it will lay off almost 4,000 employees worldwide, in order to reduce cost, boost profits and productivity. Nokia said that it would transfer a further 3,000 employees to consultancy Accenture, which will take over Nokia's Symbian software product.
The company also said that, the most job cuts would be in Britain, Finland and Denmark, where as other employees working in China, India, Denmark, US and Finland would work closely with Accenture and produce software for their platforms.
Microsoft and Nokia agreed to use Nokia's hardware capabilities and Microsoft's strong Software products to partner in take back the lost market share to Apple and Google, thus, termed as the war of ecosystems, this would make sure that the best of gaming, maps, navigation, office and cloud integration is provided to the consumers of both companies and the markets in particular.
Stephen Elop, Nokia president "With this new focus, we also will face reductions in our workforce. This is a difficult reality, and we are working closely with our employees and partners to identify long-term re-employment programmes for the talented people of Nokia."NOK, Nokia's share prices have been trading at around $8.97, in Pre Market trading, and being 2.07% up as we speak, at $8.86 from $8.64