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Nokia plans as many as 14,000 layoffs after big drop in third-quarter profits

Summary by Ground News
Nokia currently employs 86,000 people. By 2026 employees will number between 72,000-77,000. Nokia reported profit in the third quarter of 2022 was $451.95 million. The company seeks to cut costs by $844.76 million to $1.2 billion by 2026.

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Nokia plans as many as 14,000 layoffs after big drop in third-quarter profits

Nokia Thursday announced it would lay off as many as 14,000 workers by 2026 as its third-quarter profits dropped by 69% year-on-year to $140.44 million.

·Washington, United States
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UPI broke the news in Washington, United States on Thursday, October 19, 2023.
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