Where there is smoke, there is broadband recession problems somewhere.
Some sell their engineers up the Ericsson river and fight it out in court, others just lay off some 12,000 innocent ones while also cloning the dolly-management.
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The broadband market has lately experienced changes, especially in the U.S., and we want to proactively develop our mode of operation to adapt to the new market conditions and increased competition," said Olli Oittinen, senior vice president for Nokia Networks broadband systems group.
Ilmarinen.
P.S. The happy message at the very end of the 2 hour debate on swedish TV on the lay offs was that Nokia was investing in that very same area (the swedish (much like the baywatch) dream of Nokia taking over the local business)
P.P.S. Ericsson will do just fine after a suitable crises, been there, done that, before (with some help from this side of this bay, the AXE system) |