Nokia job cuts target Location & Commerce division


Nokia (NYSE:NOK) will eliminate about 3,500 jobs as the struggling handset maker continues to align its workforce and operations. The cuts will include an unspecified number of jobs in the company's Location & Commerce division, which was created in June 2011 and includes the Navteq navigation solutions unit. Specifics concerning the Location & Commerce initiative remain scarce, but Nokia has promised it will create both consumer-centric social location products and applications, as well as platform services and local commerce solutions optimized for device manufacturers, software developers, web services providers, merchants and marketers. Release

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