Nokia sells HQ for £138 million
The company announced today that it will sell its head office in Finland to Exilion and lease it back Nokia is selling its head office to software consulting company Exilion for €170 million (£138...
View ArticleBlackBerry to cut staff by 40pc, according to reports
The reductions will happen in waves until the end of the year and affect all departments, say sources cited by the Wall Street Journal BlackBerry is planning to reduce staff numbers by 40 per cent...
View ArticleBlackBerry to cut 4,500 jobs in exit from consumer market
The manufacturer will reduce its handset portfolio from six to four devices as it refocuses on the enterprise and ‘prosumer’ (professional consumer) market BlackBerry has announced its exit from the...
View ArticleAlcatel-Lucent to cut 10,000 jobs by end of 2015
The job cuts are part of the mobile manufacturer’s plan to return to profitability by reducing spend on legacy technologies and shifting focus to next generation technologies such as 4G Alcatel-Lucent...
View ArticleSony to cut global workforce by 5,000
The cull is one of several drastic changes Sony will make this year as it aims to reduce yearly fixed costs by 100 billion yen (£597 million) Sony will cut 5,000 jobs this year as part of a restructure...
View ArticleBlackBerry to axe more jobs as takeover rumours swirl
Roles to be cut in its smartphone division as Microsoft becomes the latest company to reportedly show interest in acquiring it BlackBerry is to axe a number of jobs within its smartphone business as...
View ArticleVirgin Media set to axe up to 900 UK jobs
Broadband provider will make cuts over next two years as part of a group organisation Up to 900 members of Virgin Media staff could lose their jobs as part of a company restructure, the broadband...
View ArticleCWU slams Virgin Media for “unsurprising” job cuts
Union claims broadband provider has a history of promising investment but cutting jobs and outsourcing roles The Communication Workers Union has said it is not surprised by Virgin Media’s announcement...
View ArticleMicrosoft to axe 1,850 jobs as smartphone business shrinks further
Latest round of cuts to be completed by July 2017 at a cost of $950 million Microsoft is axing 1,850 jobs in its smartphone business as the tech giant looks to further streamline that division. This...
View ArticleZTE to axe 3,000 jobs in handset business
The manufacturer is cutting around 3,000 jobs including a fifth of positions in its handset business in China ZTE will axe 3,000 jobs in China as the manufacturer struggles to maintain market share in...
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