As Finnish cell phone giant Nokia continues to cut costs in an effort to combat declining demand, the company recently told Reuters it would shed an additional 490 jobs in the near future. 170 employees from Nokia’s logistics, production management and production support divisions will be released and the company will extend its Voluntary Resignation [...]

Nokia Siemens Networks will lay off 1,250 employees in Finland and Germany as part of a previously announced cost-cutting plan. The cuts bring the total to 7,250 workers sacked since June 2006. (CircuitAssembly.com)

A good summary of recent layoffs including Avid and Nokia. (Blorge)
Tektronix down 150 (BizJournals)