Similar Stories to More Industry Bloodletting: Nokia To Cut 10,000 Jobs Over Next 18 Months on Bing News

The mobile space will see a shakeout of sorts over the next 18 months. Nokia, the Finland-based maker of mobile phones, announced Wednesday that it will cut 10,000 jobs from its worldwide workforce through the end of 2013, as it attempts to regain its once-dominant place in a market increasingly defined by Apple's iPhone and a variety of mobile devices built on Google's Android operating system. "These planned reductions are a difficult consequence of the intended actions we believe we must take to ensure Nokia's long-term competitive strength," Stephen Elop, Nokia's president and CEO, said in a statement.

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