Source link : https://www.mondialnews.com/2026/03/27/nokia-announces-major-restructuring-up-to-14000-jobs-worldwide-including-india-could-be-impacted/
Nokia, the Finnish telecommunications giant, is reportedly planning to cut up to 14,000 jobs worldwide as part of a major restructuring effort aimed at streamlining operations and boosting competitiveness. According to sources, the planned layoffs will significantly impact the company’s India operations, where a substantial number of employees could face job reductions. This development marks the latest challenge for Nokia as it navigates a rapidly evolving telecom landscape amid intensifying global competition.
Nokia Plans Major Workforce Reduction Amid Global Restructuring Efforts
Nokia is reportedly gearing up for one of the largest workforce reductions in its recent history, with sources suggesting that up to 14,000 jobs could be cut worldwide. This strategic move is part of a broader restructuring initiative aimed at enhancing operational efficiency and refocusing the company’s core business areas amidst growing competitive pressures in the global telecommunications market. Industry insiders highlight that the job cuts will primarily target less profitable segments, as Nokia seeks to streamline its portfolio and boost profitability.
The restructuring is also expected to have a significant impact on the company’s operations in India, which remains a major hub for its engineering and customer support functions. Employees in various units may face uncertainty as Nokia evaluates its organizational footprint to align with shifting market demands. Key points…
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Author : Victoria Jones
Publish date : 2026-03-27 15:24:00
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