Nokia Job Cutting
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Ericsson Could Cut 8,500 Jobs Under Cost-Cutting Plans, Reveals Internal Memo
Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs, a memo sent to employees and seen by Reuters said. While technology companies such as Microsoft, Meta and Alphabet have laid off thousands of employees citing economic conditions, Ericsson's move would be the largest layoff to hit the industry.
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Nokia Gets on 5G Growth Path as New Sales Strategy Takes Shape
Nokia showed how its new strategy was driving growth in sales of network and 5G equipment, helping to boost first-quarter revenue and profit and sending its shares up 14 percent.
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Nokia to Cut Up to 10,000 Jobs Over Next Two Years to Trim Costs and Invest in Research
Nokia said it planned to cut up to 10,000 jobs within the next two years to trim costs and invest more in research capabilities, as part of its restructuring plan.
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Nokia To Cut Up To 10,000 Jobs In 24 Months
Finnish telecoms equipment maker Nokia announced on Tuesday it will slash up to 11 percent of its workforce within two years, as part of a 600-million-euro ($715-million) cost-cutting programme.
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Nokia to Cut a Third of Jobs at French Arm Alcatel-Lucent
Nokia plans to cut 1,233 jobs at its French subsidiary Alcatel-Lucent International, equivalent to a third of the local workforce, the group said on Monday, confirming an earlier Reuters report.
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Nokia to Slash 350 Jobs in Finland as Part of Cost Cuts
At present, Nokia has around 6,000 employees in Finland.
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Nokia Starts Review of Digital Health Business, Cuts Jobs in Finland
Nokia said in statement the review "may or may not result in any transaction or other changes".
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Nokia Plans to Cut Up to 310 Jobs in Technologies Unit, Halt Ozo VR Camera Development
The Nokia unit has about 1,090 employees and the potential cuts are expected to affect staff in Finland, the United States and Britain.
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Nokia Plans to Cut Around 600 Jobs by 2019-End
Nokia said it seeks to make cost-savings and refocus its loss-making businesses.
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Ericsson Could Shed 25,000 Jobs in Cost-Cutting Drive: Report
Swedish daily Svenska Dagbladet reported the news on Thursday, citing unidentified sources at the company.
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Nokia Cuts 170 Jobs in Finland
Nokia, which currently has 6,100 employees in Finland and around 101,000 globally, cut 960 jobs in its home market last year.
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Ericsson Profit Plunges as Equipment Makers Woes Intensify
Ericsson said the sales decline was driven by markets with weak economies, such as Brazil, Russia and the Middle East.
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Microsoft to Cut 2,850 More Jobs
The company said in May it would cut 1,850 jobs in its smartphone business, most of them in Finland.
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Microsoft Confirms Finnish Site Closure, Job Cuts
Microsoft on Monday confirmed it will close its Finnish mobile phone unit and cut up to 1,350 jobs in the Nordic country.
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Finland to Seek EU Aid to Cope With Microsoft, Nokia Layoffs
Last week, Microsoft announced 1,350 job cuts, while Nokia earlier said it's shedding 1,050.
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Ericsson Could Cut 8,500 Jobs Under Cost-Cutting Plans, Reveals Internal Memo
Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs, a memo sent to employees and seen by Reuters said. While technology companies such as Microsoft, Meta and Alphabet have laid off thousands of employees citing economic conditions, Ericsson's move would be the largest layoff to hit the industry.
-
Nokia Gets on 5G Growth Path as New Sales Strategy Takes Shape
Nokia showed how its new strategy was driving growth in sales of network and 5G equipment, helping to boost first-quarter revenue and profit and sending its shares up 14 percent.
-
Nokia to Cut Up to 10,000 Jobs Over Next Two Years to Trim Costs and Invest in Research
Nokia said it planned to cut up to 10,000 jobs within the next two years to trim costs and invest more in research capabilities, as part of its restructuring plan.
-
Nokia To Cut Up To 10,000 Jobs In 24 Months
Finnish telecoms equipment maker Nokia announced on Tuesday it will slash up to 11 percent of its workforce within two years, as part of a 600-million-euro ($715-million) cost-cutting programme.
-
Nokia to Cut a Third of Jobs at French Arm Alcatel-Lucent
Nokia plans to cut 1,233 jobs at its French subsidiary Alcatel-Lucent International, equivalent to a third of the local workforce, the group said on Monday, confirming an earlier Reuters report.
-
Nokia to Slash 350 Jobs in Finland as Part of Cost Cuts
At present, Nokia has around 6,000 employees in Finland.
-
Nokia Starts Review of Digital Health Business, Cuts Jobs in Finland
Nokia said in statement the review "may or may not result in any transaction or other changes".
-
Nokia Plans to Cut Up to 310 Jobs in Technologies Unit, Halt Ozo VR Camera Development
The Nokia unit has about 1,090 employees and the potential cuts are expected to affect staff in Finland, the United States and Britain.
-
Nokia Plans to Cut Around 600 Jobs by 2019-End
Nokia said it seeks to make cost-savings and refocus its loss-making businesses.
-
Ericsson Could Shed 25,000 Jobs in Cost-Cutting Drive: Report
Swedish daily Svenska Dagbladet reported the news on Thursday, citing unidentified sources at the company.
-
Nokia Cuts 170 Jobs in Finland
Nokia, which currently has 6,100 employees in Finland and around 101,000 globally, cut 960 jobs in its home market last year.
-
Ericsson Profit Plunges as Equipment Makers Woes Intensify
Ericsson said the sales decline was driven by markets with weak economies, such as Brazil, Russia and the Middle East.
-
Microsoft to Cut 2,850 More Jobs
The company said in May it would cut 1,850 jobs in its smartphone business, most of them in Finland.
-
Microsoft Confirms Finnish Site Closure, Job Cuts
Microsoft on Monday confirmed it will close its Finnish mobile phone unit and cut up to 1,350 jobs in the Nordic country.
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Finland to Seek EU Aid to Cope With Microsoft, Nokia Layoffs
Last week, Microsoft announced 1,350 job cuts, while Nokia earlier said it's shedding 1,050.
