
Oct 22, 2023
Nokia to cut its workforce by as many as 14,000
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 lay offs 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, reports BSS.
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