NOK / Nokia to cut as many as 14,000 jobs as profit drops by 69%

For 18 months, rising interest rates were aimed at cooling the U.S. economy and curbing inflation. The economy unexpectedly expanded at an annualized more_horizontal

While the third-quarter earnings season has gotten off to an okay start, there have been a handful of ugly prints that raised eyebrows among investors more_horizontal

Nokia (NOK) posted a profit plunge of almost 70% for the latest quarter as customers took out fewer subscriptions amid a challenging economic backdrop more_horizontal

Nokia (NOK) reports lower revenues year over year in the third quarter of fiscal 2023, owing to sluggish demand trends in several verticals. more_horizontal

Finnish-based Nokia said Thursday it was reducing its workforce by up to 14,000 employees to reset its cost base and better navigate market uncertaint more_horizontal

Nokia posted a significant drop in net sales in the third quarter. Management is moving to cut costs amid a weakening macroeconomic environment. more_horizontal

Nokia (NYSE: NOK ) stock is in focus on news that the company will eliminate as many as 14,000 jobs, representing up to 16% of its total employees. Th more_horizontal

Nokia Oyj plans to cut around 16% of its workforce in a move expected to save as much as €400 million ($421 million) next year and an additional € more_horizontal