In its announcement today, Nokia said it would trim its business units to concentrate on four divisions: mobile phones, multimedia, networks and enterprise solutions.
It began to scale back its stimulus in December, announcing it would trim its monthly bond purchases by $10 billion, after it saw the economy pick up speed in the fall.
Last week, the Fed announced at the end of a two-day policy meeting that it would trim its bond-buying by a further $10bn, bringing its total monthly bond purchases down to $45bn from the peak of $85bn.
But on June 8, Juniper lowered its forecasts and announced that it would trim 8to9percentent of its work force, citing a slowdown in orders from telecommunications customers.
Logitech, a computer device company known for its mice and keyboards, said it would trim 15.0% of its salaried workforce, about 525 jobs, and withdrew its 2009 earnings guidance.
Japan has also said it would trim its purchases of Iranian oil.
Recall, too, that last year The Post announced it would trim its suburban bureau office space as leases came up.
The company said yesterday that it would trim its work force, largely in the agricultural chemical business.
Texas Instruments said today that it would trim its Defense Systems and Electronics Group by about 1,000 employees in the next year.
Japanese trading house Mitsui said last week it would trim its thermal coal investments amid growing pressure worldwide for firms to lower their dependence on fossil fuels.
One of the most recent announcements on cutbacks was from Delta, which said that it would trim its domestic capacity by up to 20percentt while it adds service on more profitable international routes.
