Nokia to cut as many as 14,000 jobs as profit drops by 69%

Lee Duna@lemmy.nz to Technology@lemmy.world – 231 points –
Nokia to cut as many as 14,000 jobs as profit drops by 69%
marketwatch.com
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Still made a profit, but have to fire all you. Sorry, gotta keep Wall Street happy. Byeeeee

This is the crux of the problem with public companies, and why they all do extremely stupid things.