Nokia cuts 300 jobs, outsources 820 more

Firm says latest job losses are part of the wider cost cutting measures announced last year
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Just days ago, Nokia announced better than expected handset sales. Now, it's cutting its workforce and outsourcing others.

Nokia announced that it would be cutting 300 IT jobs and outsourcing 850 more to Indian outsourcing firms, including HCL and Tata Consultancy services.

The cuts have come just as Nokia prepares to report its Q1 results on January 24th.

Nokia has stated that these latest job cuts are a bigger part of the cost reduction procedures it laid out in June last year, at which time the firm revealed it would cut close to 10,000 jobs as part of the process.

Whilst Nokia has stated that these are the final lay offs related to the previous announcement, there may be further cost measures initiated down the line.

After losing its place as the world's leading phone maker, the firm has continued to find ways of cutting costs and essentially downsizing its business.

Since CEO Stephen Elop took over in 2010, close to 16,000 staff have been axed across its mobile and location divisions.

“Nokia believes these changes will increase operational efficiency and reduce operating costs, creating an IT organisation appropriate for Nokia’s current size and scope,” read a statement released by the company.

It's not all doom and gloom for Nokia however as there are telling signs that the firm is on the rebound.

Back on January 10th, the firm revealed preliminary fourth quarter results that indicated it had sold close to 4.4 million units of its newly announced Lumia Window Phone handsets.

It did warn that handset sales are typically strong throughout Q4 and that expectations are to be tempered ahead of its Q1 results.

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