Unemployment raised by Nokia

Nokia today announced that it is going to cut down10,000 employees from the company because of its loss in the mobiles market shares.Since then after the establishment of Company it never faced the loss like as it is facing now.After the entry of  apple Iphone  and Android  Nokia was kicked down in Smart Phone Mobile market.

Nokia CEO Stephen Elop who formerly worked for Microsoft said that"we are planning to reduce employees from our company as much as possible" This seems that more employees are going to be unemployed for those who are working for Nokia.

Experts says that  Nokia is going to face great backdrop in  Smartphones and Mobiles however its partnership with Microsoft Company which leads to the latest Operating system in Nokia Mobiles also seems to be failed at Users.So Nokia is planning to reduce its maintenance costs.

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