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Nokia to cut as many as 14,000 jobs as profit drops by 69%
(www.marketwatch.com)
This is a most excellent place for technology news and articles.
What's the alternative though, hire as many people as possible and fail?
If you are losing market share and profits then something needs to change, if you can cut costs of that. It's a ridiculously big number and incredibly unfortunate but it's unrealistic to think it'd be anything else