Monday, 25 November 2024, 08:57 am
Headline :
Nokia to cut up to 14,000 jobs after profits drop
- Update Time : Thursday, 19 October, 2023, 12:35 pm
- 79 Time View
Online Desk: Finnish telecom giant Nokia said Thursday it could cut its workforce by as many as 14,000 after its third quarter results showed a drop in profits.
The layoffs are expected to reduce the firm’s employees to 72,000, reducing costs by up to 1.2 billion euros ($1.14 billion) by 2026, it said.
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