Nokia announced today that it will reduce its global IT organization by up to 300 employees and transfer up to 820 employees to HCL Technologies and TATA Consultancy Services. Nokia said these reductions are part of their cost reduction plans announced in June 2012.
Most of the employees affected by these planned changes are based in Finland. According to the press release, Nokia will offer employees affected by these planned reductions both financial support and a comprehensive Bridge support program. TechCrunch says the Bridge program helps fund laid off workers’ ideas for new businesses. They get 25,000 EUR to start, with the possibility of funding up to 185,000 EUR.