Finnish telecom giant Nokia said Thursday it could cut its workforce by as many as 14,000 people after it reported lower-than-expected third-quarter profits.

Nokia said on Thursday it is planning to cut up to 14,000 jobs — or around 16% of its workforce. The company is planning to lower costs by up to 1.2 billion euros by 2026.

Nokia will slash up to 14,000 jobs in a major cost-cutting drive, it said in a statement on Thursday.

Nokia said it would cut up to 14,000 jobs as part of a cost cutting plan following third quarter earnings that plunged.

Nokia NOKIA, -2.01% set plans to cut its workforce by up to 14,000 as it reported a steep drop in third-quarter profit. The telecom equipment maker said it's looking to reduce its workforce to betw...

Nokia Oyj will report its third-quarter 2023 financial results on October 19, with analysts expecting a 10% year-over-year decline in its earnings per share to $0.09, according to Zacks Investment ...

Nokia (NOK) is likely to have recorded a top line expansion year over year in the third quarter of 2023, owing to rising 5G adoption, the introduction of AI integrated solutions and multiple deal w...

The latest trading day saw Nokia (NOK) settling at $3.51, representing a -1.68% change from its previous close.

Nokia (NOK) introduces 25G PON technology on the Lightspan SF-8M sealed fiber access node. The advanced solution offers flexible deployment with enhanced service reliability.

Nokia (NOK) inaugurates a research lab in India to accelerate 6G innovations. The facility will be utilized for foundational 6G research, such as Network as a Sensor, Network Exposure and Automation.

Nokia (NOK) introduces an Autonomous Inventory Monitoring Service that integrates autonomous drones with cloud analytics software to optimize inventory management.

Nokia Oyj's stock has declined by over 30% from pandemic highs, with decreased investor interest and challenges in achieving revenue growth. The outlook for 2024 appears promising, with potential g...

Nokia (NOK) introduces AVA Data Suite on Google Cloud to accelerate the development of cutting-edge AI-ML applications and empower service providers to optimize management of network services.

Nokia (NOK) deploys Optical LAN solution in several schools to upgrade network infrastructure and enhance the digital learning experience.

Nokia (NOK) introduces Enterprise Edge Charging Software Solution to augment monetization capabilities of enterprises and communication service providers.