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Nokia cuts 2,000 jobs in China, 350 in Europe
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.
Exclusive: Nokia cuts 2,000 jobs in China, 350 in Europe as part of cost cuts, sources say
Nokia has laid off close to 2,000 people or about a fifth of its employee base across Greater China and plans to cut another 350 jobs across Europe as part of efforts to lower costs, according to two sources 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.
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.
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.
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
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.
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.
Nokia Sales Fall On India Slowdown
Finnish telecoms equipment maker Nokia on Thursday reported a 32-percent rise in net profit for the third quarter but sales dropped due to a slowdown in India.
Q3, Nok
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 this downward reaction is justified.
Nokia: Q3 Earnings Snapshot
The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 7 cents per share. The technology company posted revenue of $4.75 billion in the period, missing Street forecasts.
Crown Castle: Q3 Earnings Snapshot
HOUSTON — HOUSTON — Crown Castle International Corp. (CCI) on Wednesday reported a key measure of profitability in its third quarter. The results beat Wall Street expectations. The real estate investment trust,
9h
on 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 ...
14h
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 ...
TelecomTV
4h
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 ...
23h
What's Going On With Nokia Stock?
Nokia shares are trading flat Wednesday afternoon. Investors are watching for Thursday's Q3 earnings and reports of exclusive ...
7h
Nokia and Bharti Airtel in talks for multi-billion dollar 5G equipment deal: Details here
This possible collaboration between Nokia and Airtel highlights the competitive landscape in India's telecom sector, as ...
2h
Jefferies Sticks to Its Hold Rating for Nokia (0HAF)
Jefferies analyst Janardan Menon maintained a Hold rating on Nokia (0HAF – Research Report) today and set a price target of €3.70. The ...
devdiscourse
2h
Nokia Defies Challenges: Cost-Cutting Boosts Q3 Earnings Amid Sales Slump
Nokia reported a 22% increase in third-quarter net profit, despite suffering an 8% drop in sales primarily due to a weaker ...
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