Nokia Plans to Cut 14000 Jobs as Business Performance Faces Pressure
Nokia is preparing to reduce its global workforce by around 20 percent as the company responds to slowing business performance and declining revenue in several key markets including India.
Finnish telecom equipment maker Nokia is preparing to eliminate around 14000 jobs as part of a broader restructuring plan. The company aims to reduce its global workforce by nearly 20 percent while adjusting its operations to changing market conditions.
Global Workforce to Shrink
Nokia currently employs more than 74000 people worldwide, including around 17000 employees in India. The planned job cuts are expected to impact operations across multiple regions as the company focuses on improving efficiency and controlling costs.
India Business Shows Decline
The company has also reported weaker financial performance in India. During the fourth quarter of 2025, Nokia’s net sales in the country fell 15 percent year on year to 393 million euros compared with 463 million euros recorded during the same period a year earlier.
Company Focuses on Long Term Stability
The restructuring reflects Nokia’s efforts to strengthen its financial position amid a challenging business environment. By reducing its workforce and streamlining operations, the company aims to improve profitability and adapt to evolving demand in the global telecommunications industry.
