Nokia plans to cut up to 14,000 jobs after sales and profits plunge in a weak market

📆 2023/10/21 0:16:00
📰 KSLcom

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Telecom gear maker Nokia says it's planning to cut up to 14,000 jobs worldwide, or 16% of its workforce, as part of a push to reduce costs following a plunge in third-quarter sales and profit.

<p>HELSINKI, Finland — Telecom gear maker Nokia said Thursday that it is planning to cut up to 14,000 jobs worldwide, or 16% of its workforce, as part of a push to reduce costs&a

 That is expected to lead to a reduction from 86,000 employees to between 72,000 and 77,000 over that time period.</p><p>Nokia's third-quarter sales plummeted 20%, to 4.

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