Tough Year In Tech: 10 Crushing 2012 Layoffs


The pain has been frequent and unrelenting for once-proud handset giant Nokia in the past two years. Back in February, Nokia said it would eliminate some 4,000 jobs across three of its manufacturing sites, an expected move following what was then a company loss of $1.3 billion in its fiscal fourth quarter. More potential cuts are expected as beleaguered CEO Stephen Elop (left) attempts to rejigger Nokia's corporate strategy.