Based on news reporting.
Nokia has announced significant layoffs affecting 14,000 employees, which represents a 20% reduction of its global workforce. This decision comes as part of a restructuring effort aimed at streamlining operations and adapting to changing market conditions. The layoffs are expected to impact various departments across the company, although specific locations and departments have not been detailed in the report. This move reflects Nokia's ongoing challenges in the competitive telecommunications industry, as it seeks to enhance efficiency and focus on core business areas.
Company cut 14,000 jobs as of March 31, 2026.
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