2023 Layoff Tracker: Nokia Slashes Up To 14,000 Jobs

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2023 Layoff Tracker: Nokia Slashes Up To 14,000 Jobs
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I am a Boston-based reporter. Before joining Forbes, I covered the environment, local government and the arts for a small-town newspaper on Nantucket. My previous work includes NPR, WBUR, WCAI and Nantucket Today. I am a graduate of the University of Massachusetts, Amherst, with a degree in political science. Email me at bbushard@forbes.

Finnish communications giant Nokia became the latest major tech company to drastically reduce its head count, announcing plans Thursday to cut up to 14,000 employees worldwide—amid a string of layoffs at U.S. manufacturing and tech companies as lingering recession fears persist , saying the company has “been spending way more money than we earn.

employees and another 57 internationally—in a statement, arguing the San Francisco-based cloud-based software company made cuts now “to hasten the arrival of our future, especially in light of current economic uncertainty.”—the brokerage’s third round of cuts since the start of 2022, including one round last August affecting nearly aare expected to affect more than 1,900 of the accounting firm’s U.S.

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