A cull of Nokia s leadership team has already claimed the jobs of several high-profile executives as new CEO Pekka Lundmark aims for a less top-heavy structure.
But it is not yet finished, Lundmark told analysts this afternoon. And among the senior managers still employed under the old structure, fixed networks boss Sandra Motley and software chief Bhaskar Gorti look especially at risk.
Neither has an obvious role in Lundmark s simplified structure. Federico Guillén, currently president of customer operations for the EMEA and APAC regions, will effectively replace Motley when he becomes the head of the new IP and fixed networks division in 2021. Gorti s software business has been sucked into a cloud and network services unit that will be run by Rahgav Sahgal, currently head of enterprise.
Research from Principal Financial Group
® released today indicates higher stress levels and less holiday spending among U.S. consumers as many continue to navigate the economic impacts of COVID-19. For those who are planning to spend, a majority will do so online and are decreasing expenses on travel, dining out, and entertainment.
“2020 was a challenging year for many individuals, families, and businesses, and it’s not surprising that many are having to change their typical holiday spending habits,” said Sri Reddy, senior vice president, Retirement and Income Solutions at Principal
®. “While it can be difficult to cut back, particularly during this time of year, less spending today can help make 2021 less financially stressful and support a more secure, long-term financial future.”
More Than 10% Of Consumers Not Planning To Shop This Holiday Season: Survey
WASHINGTON (dpa-AFX) - Over 10% of consumers not planning to shop this holiday season as the pandemic has caused severe economic impact on the country.
Research from Principal Financial Group indicates higher stress levels and less holiday spending among U.S. consumers as many continue to navigate the economic impacts of COVID-19.
Consumers cite several pandemic-related factors influencing holiday shopping decisions, including financial strain, unemployment and less pay, and general COVID-19 concerns.
About 70% of the customers who are ready to spend will do so online and are decreasing expenses on travel, dining out, and entertainment.