Nokia to lay off 10,000 employees, sacks three key executives

The bad news from Nokia's camp just keep on coming in. First the Finns announced they are letting Vertu go, and now they have issued a press release stating the company will be sharpening its strategy by adding 10,000 lay-offs.

The staff reduction is due to several factory closings in Canada, Germany and Finland, and is planned to happen before the end of next year. Furthermore, three key executives will also be waving a last goodbye to Nokia.

Those are the chief marketing officer Jerry Devard, the executive VP of mobile phones Mary McDowell as well as the executive VP of markets Niklas Savander. All of them will leave Nokia come June 30. Their places will be filled in by Timo Toikanen, executive VP of mobile phones and Chris Weber, executive VP of marketing and sales, as well as senior VP of communications Susan Sheehan on July 1.

Also, Nokia emphasizes its ongoing push of Series 40 and Series 30 devices to developing markets in its goal to reach the next billion internet users.