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by nness 4349 days ago
Layoffs are fairly regular occurrences, and don't necessarily represent the end of a company. In fact, even if it wasn't just 5% of their workforce, and not mostly Nokia staff, it wouldn't be a concern — its just business as usual.

Companies often experience a raise in share-price after a layoff.

1 comments

It's true this doesn't represent the end of a company. But layoffs of 1/20 of a large company's entire workforce are not regular occurrences, and are a cause for concern. It's the kind of thing you can do once, but not again for a long while; two layoffs of that magnitude within a short period, and you trigger a death-spiral where anyone who's left is looking for the exit.
Right after you buy a company that adds 20% more to your workforce? I think not.