Channel Beat: Nokia to Cut 14 Percent of Workforce

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Nokia will cut thousands of jobs worldwide, the company announced this week.

Nokia could eliminate up to 15,000 jobs - more than 14 percent of its global workforce. The move is a $1 billion cost-saving effort following its Alcatel-Lucent acquisition.

That deal, completed in January, was valued at about $17 billion.

Hyper-convergence startup Nutanix appears to be gearing up for an IPO, after filing an updated S-1 with the SEC this week.

In the filing, Nutanix reported 85 percent growth during the first half of fiscal 2016, and added 494 customers during the previous fiscal quarter.

This is the second filing Nutanix has put forth - the company delayed an initial IPO in December.

Brocade will purchase wireless vendor Ruckus Wireless for an estimated $1.2 billion.

Channel partners say the deal will create a formidable opponent to networking giant Cisco. Brocade stocks fell after the announcement, but Ruckus stocks were up.

Brocade and Ruckus partners are largely in favor of the deal.