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Nokia bets on job cuts, fourth-quarter boost to meet targets

The headquarters of finnish telecommunication network company nokia is pictured in espoo,

Bloomberg Nokia Oyj said it will reap the rewards of higher spending on next-generation wireless networks in the final months of 2018, after the Finnish company announced an unspecified number of jobs reductions in a $1 billion drive to cut costs to reach long-term targets. The results showed that the company has some way to go to fulfill Chief Executive ...

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Don’t expect robots to take away everyone’s job

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How many jobs are vulnerable to automation? Plenty of people ask that question, and plenty of people try to give numerical answers. A recent study by the Organization for Economic Cooperation and Development (OECD) said that about 46 percent of jobs have a better-than-even chance of being automated. A 2016 study by Citigroup Inc. and the University of Oxford reported that ...

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What is scarier than climate change?

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What’s so scary about climate change? The term is not scary — at last not in a visceral, skin-crawling sense. Scientists have shown that the likely 2 degrees of global warming to come this century will be extremely dangerous, but, you know, “2 degrees” is hardly a phrase from nightmares and horror films. How about “rat explosion”? As the climate ...

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