Nokia will cut 1,700 jobs globally as the company continues to face slumping demand for its products. The cuts will come in sales, marketing and technology management.
The move was part of Nokia’s previously announced plan to streamline operations.
The company said in January it would cut costs it its handset unit by $909.3 million in light of falling demand. In February, the company let go of 1,000 employees through voluntary departures. The company employs about 130,000 worldwide.
Last week, research firm Gartner said Nokia maintained its No. 1 position, but in the fourth quarter of 2008 its smartphone sales declined by 16.8 percent year-on-year.
