Sorry,
The press release sounds like another reverse pole massacre.
However, they announced earlier that all Window phones are to be produced by Ericsson, allowing them to end the JV with Sony.

So, what remains is Symbian phones, outsourced development to Accenture - and then Linux, the foundation of their "Smart Devices"....

They have to save, and the simple analogy to laying off people is the story about the poor farmer that decided to train his horse to eat as little as possible to optmise the profit that could be generated. The sad fact is that the horse died just as it almost made it - lived 5 days without grass or oat.