14,000 jobs to go at Nokia as cost pressures bite

Represents 17% of the workforce

John Leonard
clock • 2 min read
14,000 jobs to go at Nokia
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14,000 jobs to go at Nokia

Finnish telecom equipment maker Nokia has announced it will cut up to 14,000 jobs globally over the next two years, representing about 17% of its workforce.

The move comes as Nokia struggles with a slower market recovery than anticipated despite growth in 5G, AI and other emerging technologies. However, the timing of broader 5G adoption remains uncerta...

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