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Nokia to cut up to 14,000 jobs

By Supantha Mukherjee and Anne Kauranen

Oct 20 2023 6:25AM

As US demand shrinks, growth uncertain.

Nokia to cut up to 14,000 jobs

Nokia will cut up to 14,000 jobs to reduce costs, warning it did not expect a market recovery soon after posting a 20 percent drop in third-quarter sales on weaker demand for 5G equipment. A slowdown in the United States, home to Verizon and AT&T, and one of the more profitable markets for ...

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