AssetID: 53139632
Headline: Nokia to Lay Off 14,000 Employees
Caption: The Finnish telecom company made the announcement on Oct. 19, CNN reports. The job cuts are meant to reduce costs amid a "weaker" market environment. Nokia projects that the layoffs will save the company at least $421 million next year. By the end of 2026, Nokia expects to save nearly $1.3 billion.
Keywords: Nokia,Employees,Lay Off,Fire,Announcement,Job,Cuts,Reduce,Costs,Weaker,Market,Environment,Save,Billions,Workers,Business,Pressure,Operator
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