Nokia to cut 10,000 jobs globally by end of 2013 in further drive to cut costs

HELSINKI – Nokia Corp. says it will lay off 10,000 workers worldwide by the end of 2013, in a further drive to save costs.

The ailing Finnish cellphone maker says it aims to return the company to profitable growth by sharpening strategy and improving its operating model.

Although it plans “to significantly reduce its operating expenses,” Nokia says it “remains focused” on its smartphones and feature phones and intends to expand location-based services.