Technology Update
Demand Declines, Nokia Lays Off 14,000 Employees to Reduce Costs.
22:28, 19 Oct 2023
In its effort to reduce costs due to declining demand, the Finnish technology company Nokia is set to lay off 14,000 employees. This move comes in the wake of decreased sales of next-generation 5G equipment.
Nokia, along with its competitor Ericsson, is striving to boost its sales in In