Most of the lost jobs will from its Finland operations. The remainer will be transferred from the company’s payroll to its India-based outsourcing partners, The Wall Street Journal noted.
Once the leading maker of cell phones, Nokia has seen its market share crash in recent years as it encountered competition from Apple‘s (NASDAQ:AAPL) iPhone and smartphones running Google‘s (NASDAQ:GOOG) Android operating system.
Nokia has also engaged in significant cost-cutting to firm up its financial position. Last year, it announced that it would trim its payroll by 10,000 jobs.
The company also sold its ultra-modern Finnish headquarters, and then leased its office space back from the new owner.
Shares of Nokia slipped fractionally in Thursday morning trading.