While it has been one of the leading names in the industry with the phones it has launched in the past, it is currently only continuing its work in telecommunications technologies. NokiaAn important statement came from . Company CEO Pekka Lundmark very large announced that there would be a mass layoff.

According to Nokia’s statement, 9 thousand to 14 thousand He will say goodbye to the staff in 2020. This mass layoff means that the company, which has 86,000 employees, is almost bankrupt 16 percent will shrink it.

The reason for such a large layoff is cost savings

CEO Pekka Lundmark explained that Nokia was going through a difficult financial period. According to Lundmark, sales increased in the third quarter compared to the previous year. 15 percent showed a decrease. However, rising costs and others macroeconomic challengeshas led the company to implement massive layoffs.

Nokia’s mass layoffs will reduce operating costs aimed at reducing one of the steps. In this context; The aim of the layoffs is to save costs of around 400 million euros. The company will reduce its costs by 2026 1.2 billion euros He wants to drop it. This large figure is a clear indication that new mass layoffs may occur…