While Google is seemingly flopping open its wallet at every available acquisition this month, AOL's recent plea to secure some 2,500 voluntary redundancies across its workforce has now been followed by mobile phone giant Nokia Corp., which today announced that yet another swing of the unemployment scythe is imminent.
Yet more jobs dropped at Nokia. Image: Tjeerd/Flickr.
Set to affect Nokia's R&D staff in Japan, the coming job losses amount to 220 positions and further highlight the persistent pressures of recession as businesses in the technology sector struggle to restructure their organisations and maintain forward momentum.
“As part of its global efforts to align its research and development (R&D) operations to be in line with its focused portfolio of future products, Nokia will be reducing its R&D activities in Japan,” outlined the Finland-based market leader in an official statement.
Nokia's latest round of redundancies comes after the world's biggest handset manufacturer last week announced a looming bout of rug pulling from beneath the feet of some 330 research and development staff in Denmark and Nokia's home country of Finland.
The loss of 550 jobs, which is slightly more than three percent of the company's total R&D allotment, brings Espoo-based Nokia's cost-cutting drive to around 4,000 positions globally in 2009 as it strives to generate annual savings in the amount of €700 million Euros (approx. $1.0 billion USD).
Evidently not succumbing to the clutches of recession, search titan Google has splashed out twice in November in an attempt to increase the appeal of its advertising business. Those acquisitions include mobile specialist AdMob for $750 million USD, and also display customisation experts Teracent -- for an undisclosed amount.
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