Nokia to cut up to 14,000 jobs after profits drop
BI Desk || BusinessInsider
Published: 12:56, 19 October 2023
Photo: Collected
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/AFP.
