Layoffs | Page 7

The U.S. company said it would shed up to 1,850 jobs, most of them in Finland, and write down $950 million from the business.

Most of the announced job cuts were concentrated in the energy sector, which is reeling from low oil prices that have hurt profits.

Many new tech users around the world turn to mobile phones for their computing needs, and corporations increasingly rely on big machines rather than desktop models to run their businesses.

An estimated 500 employees have lost their jobs since layoffs began last week, according to a news report.