Nokia to cut thousands of jobs worldwide, Canadian outcome uncertain
telecom | 10/19/2023 5:22 pm EDT

Nokia Corp. has announced a series of layoffs to return it to profitability. The telecom equipment manufacturer said anywhere from 9,000 to 14,000 positions will be affected.
“Nokia targets to lower its cost base on a gross basis (i.e. before inflation) by between €800 million and €1 200 million by the end of 2026 compared to 2023, assuming on-target variable
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