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Tagged: quarterly profits

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June 14, 2012

14:16 • 11 months ago

Life at Nokia: Massive layoffs, executive shuffling, lower Q2 profit forecasts

Tags: business canada Executive Layoffs germany jobs layoffs mobile phones News nokia Profit Forecasts profits quarterly profits 8 • Permalink

execs Nokia Chief Marketing Officer Jerri DeVard, Executive Vice President of Mobile Phones Mary McDowell, and EVP of Markets Niklas Savander will all be shown the door, effective June 30.
layoffs The company will layoff approximately 10,000 employees, primarily as a result of plant closures in Canada and Germany, as well as cutbacks to the company’s Devices & Services division.
profits Nokia also announced that the layoffs and executive shuffling would mean lower Q2 profits than anticipated. Expected restructuring costs of €1 billion for Q2 tripled to €3 billion. source

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October 18, 2010

10:32 • 2 years ago

Banking profits: Citigroup has another moneymaking quarter

Tags: banking citi citibank citigroup quarterly profits wall street Permalink

$2.2 billion in profits for the banking giant source

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