StaffReductions
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Stephen Elop: There will be 'substantial reductions in employment' inside Nokia
Stephen Elop and Steve Ballmer are in the middle of a Q&A now. When Elop was asked by a concerned Finnish reporter, "What happens to Finland," Stephen responded that a successful Nokia is good for Finland but there will be "substantial reductions in employment" in Finland and around the world. We can't even imagine what it's like to be working inside of Nokia at the moment but the stress, frustration, and concern must be extraordinarily high.
WSJ Confirms Palm layoffs amidst Rubenstein reorg
In a piece carried by the Wall Street Journal detailing the Jon Rubenstein-era shake-up at Palm, we get the first confirmation of Wednesday's layoff rumor. According to the WSJ, "Yesterday, Palm made some reassignments and staff reductions." The article does not cite specific numbers. Regardless, our hearts go out to those who received this unfortunately timed news. Given Palm's long, steady trudge towards obscurity, couldn't this have waited just a few more weeks? Read [subscription required]
