https://techmonitor.ai/technology/networks/nokia-job-cuts-5g

Nokia will make up to 14,000 staff redundant as part of measures it hopes will save up to €1.2bn over the next three years. The Finnish telco has been putting a heavy focus on software-defined networks in recent years, but this has yet to pay off financially, with news of the job cuts coming on the same day it reported a 20% year-on-year drop in sales.

The company's share price fell to its lowest point of the year when the news was announced this morning.