Nokia to minimize up to 14,000 careers soon after profit plunges

Nokia to minimize up to 14,000 careers soon after profit plunges


Nokia new symbol exhibited on mobile, with Nokia logo on display.

Nurphoto | Nurphoto | Getty Photographs

Nokia on Thursday claimed it would slice up to 14,000 careers as section of a expense reduction prepare adhering to a plunge in 3rd-quarter earnings.

The Finnish telecommunications huge said that it will lessen its charge foundation and improve procedure efficiency to “tackle the hard sector natural environment.”

It is concentrating on to lessen its price base on a gross basis from 2023 by involving 800 million euros ($842.5 billion) and 1.2 billion euros by the finish of 2026.

This will cut down the number of staff members presently from 86,000 to in between 72,000 and 77,000.

The substantial layoffs arrive after Nokia reported third-quarter net gross sales declined 20% yr-on-yr to 4.98 billion euros. Revenue over the time period plunged by 69% 12 months-on-12 months to 133 million euros.

This is a breaking news story. Be sure to examine back again for more.



Supply

How Florida quietly surpassed California in solar growth
World

How Florida quietly surpassed California in solar growth

Solar energy is booming across the U.S. and, for the first time, Florida is catching up to industry powerhouses Texas and California. Despite removing climate change from its official state policy in 2024, Florida added more utility-scale solar than California last year, with over 3 gigawatts of new capacity coming online.  “This is not a […]

Read More
Yoga, Zumba or HIIT? The best way to exercise, based on your personality type
World

Yoga, Zumba or HIIT? The best way to exercise, based on your personality type

Curating your fitness routine to better match your personality could help you get the most out of your workouts, a new study shows. The paper, published last month in Frontiers in Psychology, shows that certain personality traits may indicate which type of exercises people enjoy and how likely they are to stick with them. “We […]

Read More
Where ,500 in rent gets you the most—and least—space in major U.S. cities
World

Where $1,500 in rent gets you the most—and least—space in major U.S. cities

How much space you can get for a monthly rent payment of $1,500 depends entirely on where you live. In Manhattan, New York, it’s an average of 216 square feet — roughly the size of a bedroom. But in Wichita, Kansas, the same amount will get you an average of 1,329 square feet — enough […]

Read More