Nokia plans up to 14,000 job cuts
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.
Nokia plans up to 14,000 job cuts
Thu Oct 19, 8:22am UTC
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.