Nokia Corporation (NYSE:NOK) announced this morning that they plan to align their workforce and will be consolidating some operations. As a result, there will be a massive layoff. Nokia will be cutting about 4,000 employees by the end of 2012. Most of these job cuts will take place in Finland, Denmark, and the U.K. Nokia will also be transferring all of their Symbian software jobs and 3,000 employees to Accenture Plc (NYSE:ACN).

Ascentium has made an agreement to sell their U.S. Microsoft Dynamics CRM business to Avanade Inc., a joint venture company between Microsoft Corporation and Accenture plc. Ascentium co-founder and CEO Curt Dolittle said that the sale will allow the company focus on using emerging technologies for developing creative strategies with clients. Below is the full press release:

Accenture Plc (Public, NYSE:ACN) is the first corporate sponsor to cut off Tiger Woods because of the events that transpired over the last 2 weeks. Woods’ sponsors that are left include AT&T, EA Sports, Gatorade, Gillette, NetJets, Nike, TAG Heuer, Tatweer, TLC Laser Eye Centers, and Upper Deck.

Below is the full the press release:

NEW YORK – (Business Wire) Accenture (NYSE: ACN) today announced that it will not continue its sponsorship agreement with Tiger Woods.

For the past six years, Accenture and Tiger Woods have had a very successful sponsorship arrangement and his achievements on the golf course have been a powerful metaphor for business success in Accenture’s advertising. However, given the circumstances of the last two weeks, after careful consideration and analysis, the company has determined that he is no longer the right representative for its advertising. Accenture said that it wishes only the best for Tiger Woods and his family.

Accenture will continue to leverage its “High Performance Business” strategy and “High Performance Delivered” positioning in the marketplace. The company will immediately transition to a new advertising campaign, with a major effort scheduled to launch later in 2010.