HELSINKI (Reuters) - Nokia <NOK1V.HE>, the world's largest phone maker by volume, will lay off 4,000 people and outsource another 3,000 to Accenture <ACN.N> as part of a plan to slash annual spending by 1 billion euros ($1.46 billion).
Nokia said it would outsource its Symbian software activities to Accenture, who will provide mobility software services to Nokia for future smartphones.
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Nokia has seen its market share in smartphones falling sharply over the past few years as it continues to lose out to Apple <AAPL.O> and other manufacturers of the upmarket handsets.
To turn around its smartphone fortunes, in February Nokia unveiled a deal to start using Microsoft <MSFT.O> software instead of its own Symbian platform.
The deal enables Nokia to cut business research and development costs by 1 billion euros, or 18 percent, by 2013 from 5.65 billion in 2010.
(Reporting by Tarmo Virki; Editing by Dan Lalor)
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