Reported about 1 month ago
Nokia has announced layoffs of approximately 2,000 employees in Greater China and an additional 350 in Europe as part of its plan to lower operational costs. This decision comes after the company seeks to save between 800 million and 1.2 billion euros by 2026, following a significant decline in sales from the Chinese market. Nokia has confirmed the layoffs but has not provided specific comments regarding the situation in Greater China.
Source: YAHOO