04/17/2009 05:12 am ET Updated May 25, 2011

Nokia: 1,700 Jobs Cut Worldwide

HELSINKI - Nokia Corp. said Tuesday it will lay off 1,700 people worldwide to cut costs, as the global economic downturn strikes deeper into the mobile phone sector.

The world's top mobile phone maker said the job cuts will affect several sectors, including its devices and markets units, the corporate development office and global support functions.

Read more on Yahoo! News