Nokia plans to lay off 14,000 employees, Indian team may get affected
Nokia is planning to lay off up to 14,000 employees as part of a global restructuring plan, as per reports. The company may also reduce staff in India. This decision is reportedly aimed at cutting costs and adjusting to current market condition.
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As per reports, Nokia wants to reduce about 20% of its global workforce. At present, the company has more than 74,000 employees worldwide. Out of these, over 17,000 employees work in India, and some of them may be impacted by the layoffs.
Nokia, a Finnish company and once the world’s largest phone maker, is making these changes to improve its business performance. The layoffs are part of a broader plan to reorganize operations.
This move comes at a time when many big tech companies are also cutting jobs. Companies like Amazon, Microsoft, and Google have already laid off thousands of employees. Meta is also rumored to be planning layoffs of more than 15,000 workers.
The final details of how many employees will be affected in India are not yet confirmed. However, the restructuring is expected to happen over the coming months.
Employees are concerned about job security, especially in India where Nokia has a large workforce. Many workers are waiting for official communication from the company regarding the next steps. The telecom and technology industry is facing slow growth and rising costs. Because of this, companies are trying to reduce expenses and focus on more profitable areas.

