After releasing a revised financial forecast for FY 2011 that predicts an annual $1.3 billion loss, its third in the last four years, NEC announced it will cut around 10,000 jobs. Bloomberg Businessweek reports President Nobuhiro Endo announced the cuts, revealing most of the cuts will come from the company’s mobile-phone handset business, with 7,000 of them expected to be in Japan

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NEC will cut 10,000 jobs after forecasting $1.3 billion annual loss, mostly in mobile phone biz






