Following its mega-merger with Alcatel-Lucent, Nokia has predictably started reducing its headcount once more. In a statement, the company says lay-offs will occur globally and have a targeted €900 million in 'operating cost synergies' by 2018. The company will also try to save money in real estate, services, procurement, supply chain and manufacturing, it said.
Nokia says it is "taking steps to adapt to challenging market conditions and to shift resources to future-oriented technologies such as 5G, the Cloud and the Internet of Things". "These actions are designed to ensure that Nokia remains a strong industry leader," said the company's president and CEO, Rajeev Suri.
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