Ugh… Nokia Laying off 330 in Research & Development

GigaOm’s Kevin Kelleher wrote about exactly what I’ve been wondering about recently…

Why Are Tech Layoffs Rising in a Recovery?

Earlier this month, I commented about…

Sprint Reportedly Shedding 4.5% (up to 2500) Workers

Microsoft cut 800 jobs earlier this month too (see TechFlash). And, here’s another high profile firm with their own bad news…

Nokia to lay off up to 330 R&D staffers

Nokia has 17,000 workers in the research and development area. So, 330 jobs is not a huge number or percentage relatively speaking. FYI, Nokia currently has 123,347 employees according to Yahoo! Finance. This means that 13.8% of its workforce is in R&D (roughly 1 out of every 8 employees).

The one potential bright spot is that my observation is that large companies are slow moving and take longer to turn things around during an economic recovery (assuming we are in such a recovery right now). Growth will come from smaller and more nimble firms.

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