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Nokia cuts 2,000 jobs in China, 350 in Europe

Hosted on MSN · 6h

Nokia Cuts Almost 2,000 China Jobs Amid Tough Telecom Market

Nokia Oyj has cut almost 2,000 jobs in China, as part of a sweeping cost-reduction program as the Finnish company grapples with a sluggish telecom equipment market, according to a person familiar with the matter.

Nokia Layoffs: What’s Behind 2,000 Job Cuts in China and 350 in Europe?

Nokia is laying off 2,000 employees in China and 350 in Europe as part of its cost-cutting strategy. Learn more about the reasons behind these layoffs and Nokia’s future plans in this exclusive update.

Datacenter Dynamics · 10h

Nokia cuts 2,000 jobs in China, plans to cut another 350 in Europe - report

Finnish vendor Nokia has reportedly cut close to 2,000 jobs across its Greater China business, and plans to axe another 350 roles across Europe in an effort to lower costs. As reported by Reuters, the vendor has laid off around a fifth of its employee base across China.

Reuters on MSN · 8h

Nokia cuts 2,000 jobs in China, 350 in Europe as part of cost cuts: Sources

As of December 2023, Nokia had 10,400 employees in Greater China and 37,400 employees in Europe. Read more at straitstimes.com.

Business Standard · 9h

Nokia cuts 2,000 jobs in China, 350 in Europe as part of restructuring

A Nokia spokesperson confirmed the company had opened consultations relating to laying off 350 employees in Europe but declined to comment on Greater China

Nokia Sales Miss Estimates

The Wall Street Journal on MSN · 15h

Nokia Lowers Earnings Guidance After Sales Fail to Recover

The Finnish telecommunications company said it was now tracking within the bottom half of its comparable operating profit guidance of $2.50 billion-$3.15 billion this year.

Bloomberg on MSN · 14h

Nokia Sales Miss Estimates as Turnaround Fails to Take Shape

Nokia Oyj sales failed to meet analysts’ estimates in the third quarter, largely due to declining revenue from India after that country ended a major mobile network expansion last year.

Reuters on MSN · 16h

Nokia Q3 profit beats expectation, sees signs of recovery

STOCKHOLM (Reuters) -Finnish telecom equipment supplier Nokia on Thursday reported a 9% rise in third-quarter operating profit, and echoed rival Ericsson in seeing demand recovery in some areas. "I am optimistic we are now turning the corner in many parts of our business,

12hon MSN

Nokia sees improved Q3 profit but reports 8% sales dip mainly due to weaker India market

Wireless and fixed-network equipment maker Nokia on Thursday reported better-than-expected third quarter earnings, mainly on ...

17h

Nokia Q3 operating profit beats expectation

Finnish telecom equipment supplier Nokia on Thursday reported a 9% rise in third-quarter operating profit, and said many ...

Nokia suffers as capex rebound fails to materialise in Q3

Nokia has reported its third-quarter financial resultsThe vendor had anticipated an uptick in spending in some parts of its ...

10h

Nokia Q3: Earnings Miss, CEO Cites Telecom Weakness And Anticipates India Demand Rebound

Nokia reported a 7% decline in net sales and missed analyst estimates. Comparable EPS was lower, but net income increased.

1d

Exclusive: Nokia in talks with Bharti Airtel for multi-billion dollar 5G contract, sources say

Finland's Nokia is in talks with Bharti Airtel about securing a multi-billion dollar contract to provide 5G telecom equipment ...

7h

Why Nokia Fell After Posting Q3 2024 Earnings (Rating Downgrade)

Nokia's Q3 2024 results showed a revenue decline year-on-year. NOK stock traded down by around 5% in pre-market. Find out if ...

5h

Nokia’s Financial Challenges and Uncertain Outlook Lead to Hold Rating

In a report released today, Sandeep Deshpande from J.P. Morgan maintained a Hold rating on Nokia (0HAF – Research Report), with a price ...

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