Nokia cuts 2,000 jobs in China for cost-saving: report
Original from TechNode.com: Nokia cuts 2,000 jobs in China for cost-saving: report

Nokia cuts 2,000 jobs in China for cost-saving: report

Nokia has initiated significant layoffs, affecting approximately 2,000 employees, which accounts for 20% of its workforce in China. Additionally, the company plans to eliminate another 350 positions across Europe as part of its cost-reduction strategy. A spokesperson for Nokia confirmed the layoffs in Europe but did not provide details regarding the job cuts in China. As of December 2023, Nokia employed around 10,400 individuals in China, highlighting the scale of the recent reductions aimed at streamlining operations amid challenging market conditions.

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