Finnish town of Oulu, population 200 000, handled Nokia layoffs with innovation. It proved to be a success.
A startup incubator, high quality of life, a technology village, digital health startup hub and the generosity Nokia showed by creating a productive program for over a 1000 laid off employees have contributed to a “second-to-none support system for innovation ”
https://qz.com/1720214/how-nokias-collapse-turned-oulu-into-an-internet-wonderland/
Autonomous 