October 20, 2023 BY Elizabeth Anderson
Nokia plans to cut jobs to bring profitability back up to scratch
The company reported a 20% decline in its year-on-year net sales. It pinned the lacklustre performance on a decrease in demand for 5G gadgets, especially among US customers. Ericsson, an industry competitor, reported the same sales problem and listed it as one of the reasons for its recent job cuts. The report indicated that planned…
Read more