• 33249
• October 19, 2023

Nokia to cut up to 14,000 jobs to lower costs

Nokia is reportedly planning to cut up to 14,000 jobs due to reduced investment in 5G infrastructure by US and European operators. The company has confirmed the job cuts but has not disclosed the exact number. The layoffs are expected to save up to €400 million ($421 million) next year and an additional €300 million in 2025.

• News Source Indiatimes (Click to view full news): CLICK HERE

• Category:
• Technology

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