Nokia to slash over 1,100 IT jobs

Nokia today announced that it was cutting over 1,100 IT jobs from its workforce.

The company says that it will lay off 300 employees currently working in an IT function. Nokia will also transfer up to 820 employees to IT services firms, HCL Technologies and Tata Consultancy Services.

Nokia announced in June that it would make broad cuts — about 10,000 layoffs — across its business to save money and make its operation more agile. According to the company, the IT cuts will be the last part of that plan.

Nokia will offer employees affected by the layoffs “both financial support and a comprehensive bridge support program,” the company said today. The vast majority of affected employees are based in Finland.

Check Also

8 New Google Products We Expect to See This Year

Google’s device line could end up having a particularly important moment in 2023. The company usually announces new Pixel products throughout the year. Google is expected to release its first foldable phone this year, however, which would directly compete with Samsung’s proven line of Galaxy Z Fold devices. Google also introduced its own ChatGPT rival, …

Leave a Reply

© 2024 News Today
External links are provided for reference purposes. News Today is not responsible for the content of external Internet sites.