Nokia Layoffs 2025. The announcement was made as the company reported a 20% drop in sales between. Finnish telecoms giant nokia is to axe between 9,000 and 14,000 jobs by the end of 2026 to cut costs.

At least 400 million euros in savings will be realized in 2024 alone, we’re told, followed by an additional 300 million euros in 2025. Nokia is overhauling its business and slashing up to 14,000 jobs in an effort to counter challenging market conditions and the slowdown in deployment of 5g, particularly in north america.