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Nokia to cut up to 14,000 jobs after profits drop
Sunday, 06 October 2024, 04:29 am

Nokia to cut up to 14,000 jobs after profits drop

  • Update Time : Thursday, 19 October, 2023, 12:35 pm
  • 74 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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