MOSCOW: Finnish telecommunications giant Nokia is planning to address the uncertain market environment and decreasing sales by cutting personnel expen...
: Finnish telecommunications giant Nokia is planning to address the uncertain market environment and decreasing sales by cutting personnel expenses and reducing its staff by 10 per cent -15 per cent from the current 86,000 employees by late 2026, the company said on Thursday.
The layoffs follow Nokia’s third-quarter report that showed a 20 per cent sales decline year-on-year to 4.98 billion euros, while profit fell by 69 per cent year-on-year to 133 million euros, reported Sputnik.
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