Nokia declares mass layoffs ahead of festive season, to cut up to 14,000 jobs I KNOW WHY
Business | October 19, 2023 16:01 ISTQuoting the reason behind the decision, Nokia said it is aiming to lower its cost base by between ($843 billion and 1.2 billion euros by the end of 2026. That was set to lead to a reduction from 86,000 employees now to between 72,000 and 77,000 during that time period.