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Coverage dated October 18, 2023

Nokia to cut up to 14,000 jobs after profit plunges

Headline from NBC Chicago

Nokia said it would cut up to 14,000 jobs as part of a cost cutting plan following third quarter earnings that plunged.

NBC Chicago's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

Read the reports

Reports & sources

21 articles, oldest first.

  1. The Guardian

    Nokia to cut up to 14,000 jobs after profits plunge (opens The Guardian)

    Published

    The Guardian's feed description

    Finnish telecoms group aims to cut costs as demand for mobile network equipment slumps

  2. Honolulu Star-Advertiser

    Nokia plans to cut up to 14,000 jobs after sales, profits plunge (opens Honolulu Star-Advertiser)

    Published

    Honolulu Star-Advertiser's feed description

    HELSINKI >> Telecom gear maker Nokia said today that it is planning to cut up to 14,000 jobs worldwide, or 16% of its workforce, as part of a push to reduce costs following a plunge in third-quarter sales and profit.

  3. NBC Chicago

    Nokia to cut up to 14,000 jobs after profit plunges (opens NBC Chicago)

    Published

    NBC Chicago's feed description

    Nokia said it would cut up to 14,000 jobs as part of a cost cutting plan following third quarter earnings that plunged.

  4. FOX Business

    Nokia to cut up to 14K jobs amid ‘market uncertainty’ (opens FOX Business)

    Published

    FOX Business's feed description

    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 uncertainty.

  5. Minneapolis Star Tribune

    Nokia plans to cut up to 14,000 jobs after sales and profits plunge in a weak market (opens Minneapolis Star Tribune)

    Published

    Minneapolis Star Tribune's feed description

    Telecom gear maker Nokia said Thursday that it is planning to cut up to 14,000 jobs worldwide, or 16% of its workforce, as part of a push to reduce costs following a plunge in third-quarter sales and profit.

  6. Fortune

    Former phone giant Nokia saw a dramatic drop in profits and is now cutting up to 14,000 jobs in response (opens Fortune)

    Published

    Fortune's feed description

    Nokia said its was addressing "the challenging market environment" by cutting costs, shedding staff, and improving efficiency.

  7. Insider

    Nokia says it's going to cut up to 14,000 jobs (opens Insider)

    Published

    Insider's feed description

    The layoffs are part of cost-cutting measures to reduce expenses by up to $1.26 billion by 2026, the company said in a filing.

  8. Wall Street Journal

    Nokia to Cut Thousands of Jobs as Telecom Operators Pare Back Spending (opens Wall Street Journal)

    Published

    Wall Street Journal's feed description

    Nokia launched a plan to cut as many as 14,000 jobs as it seeks to save up to €1.2 billion after it posted a 45% fall in profit in the third quarter.

  9. Forbes

    2023 Layoff Tracker: Nokia Slashes Up To 14,000 Jobs (opens Forbes)

    Published

    Forbes's feed description

    Hundreds of U.S. companies have slashed their workforces this year, including Amazon, Google, Meta and Disney.

  10. KEYT Santa Barbara

    Nokia plans to cut up to 14,000 jobs after sales and profits plunge in a weak market | News Channel 3-12 (opens KEYT Santa Barbara)

    Published

    KEYT Santa Barbara's feed description

    Nokia plans to cut up to 14,000 jobs after sales and profits plunge in a weak market

  11. UPI

    Nokia plans as many as 14,000 layoffs after big drop in third-quarter profits (opens UPI)

    Published

    UPI's feed description

    Nokia Thursday announced it would lay off as many as 14,000 workers by 2026 as its third-quarter profits dropped by 69% year-on-year to $140.44 million.

  12. Digital Journal

    Nokia to cut up to 14,000 jobs as 5G demand slows (opens Digital Journal)

    Published

    Digital Journal's feed description

    Finnish telecom giant Nokia said Thursday it would cut up to 14,000 job as profits fell on weakening demand for its 5G equipment in North America.The

  13. CNN

    Nokia says it will cut up to 14,000 jobs (opens CNN)

    Published

    CNN's feed description

    Nokia will slash up to 14,000 jobs in a major cost-cutting drive, it said in a statement on Thursday.

  14. Triblive

    Nokia plans to cut up to 14,000 jobs after sales, profits plunge in weak market (opens Triblive)

    Published

    Triblive's feed description

    HELSINKI — Telecom gear maker Nokia said Thursday that it is planning to cut up to 14,000 jobs worldwide, or 16% of its workforce, as part of a push to reduce costs following a plunge in third-quarter sales and profit. The Finnish wireless and fixed-network equipment provider said the planned

  15. New York Times

    Nokia to Cut 14,000 Jobs in Major Overhaul at Telecom Giant (opens New York Times)

    Published

    New York Times's feed description

    After a disappointing quarter, the Finnish technology company announced significant spending cuts.

Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.

Nokia to cut up to 14,000 jobs after profit plunges | Since Then