Two weeks after reporting a 90 percent drop in profit, Nokia Corp. (NOK) said it’s cutting 450 jobs so it can focus on using third-party developers instead of putting so much emphasis on services such as payment systems. The announcement came at Nokia’s Developer Summit, which opened on Tuesday. Like its rivals, the cell phone maker has struggled in the wake of a global economic recession. The 450 layoffs are just the latest round of firings as Nokia tries to stay afloat amid greater competition and waning demand. To that end, the Finland-based company said it will open its Ovi Share service to developers so they can add more applications that enable photo- and video-sharing, and even mobile gaming. The model resembles that of Apple’s iPhone App Store. The latest cuts put Nokia’s layoff total so far this year at 2,470. Nokia’s stock was trading down at about 1:15 p.m. Eastern. Shares were off by 24 cents at $13.24.
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