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Nokia laying off 10 thousand people

Nokia laying off 10 thousand people

Nokia, a telecommunications company headquartered in Finland, announced that it will lay off approximately 10 thousand employees worldwide. Nokia, a telecommunications giant, decided to reduce costs in order to invest more in research. As a result, he announced that in the next 2 years, 5 thousand to 10 thousand employees worldwide will terminate their jobs. According to the statement made by company officials, the cost of restructuring efforts is estimated to be between 600 million and 700 million euros until 2023. Planning to invest in cloud computing and digital infrastructure research, Nokia has now accelerated its 5G technology studies. The company, which dismissed thousands of people after purchasing the telecommunications equipment company Alcatel-Lucent in 2016, now has 90 thousand employees worldwide.

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