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Nokia to cut thousands of jobs as net profit falls 45%
Nokia to cut thousands of jobs as net profit falls 45%
Updated October 19, 2023 at 2:23 a.m. ET
Nokia has launched a plan to cut thousands of jobs in a bid to save up to 1.2 billion euros ($1.26 billion) following its third-quarter net profit decline.
The Finnish telecoms company reported a 45% drop in comparable net profit in the third quarter as macroeconomic challenges intensify, weighing on customer spending.
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