Beijing, October 19:슬롯 머신 사이트 추천Finnish multinational슬롯 머신 사이트 추천telecom and tech슬롯 머신 사이트 추천company Nokia announced that it would cut over 2,000 jobs in슬롯 머신 사이트 추천Greater China and 350 in Europe. The Nokia layoffs슬롯 머신 사이트 추천would be implemented as a part of슬롯 머신 사이트 추천the IT firm's cost-cutting measures. Nokia, once ruled the smartphone market, had been struggling to establish its foothold in the industry for quite some time. The reports said that the Nokia spokesperson came forward with the layoff announcement for Europe and did not mention the job cuts happening in China.

According to reports, Nokia employed around 10,400 employees in Greater China and around 37,400 in Europe, as per the annual report. As a part of its cost-cutting measure, the Finnish tech company aims to reduce around 14,000 jobs, which it슬롯 머신 사이트 추천announced슬롯 머신 사이트 추천last year. In 2023, the슬롯 머신 사이트 추천company슬롯 머신 사이트 추천announced슬롯 머신 사이트 추천its plan to lay off employees슬롯 머신 사이트 추천with expectations to save around US 800 million euros to 1.2 billion euros by 2026.슬롯 머신 사이트 추천BYJU슬롯사이트™s Net Worth Is Zero: Founder and CEO Byju Raveendran Says His Edtech Firm Once Valued USD 22 Billion, Now Has 슬롯사이트˜Zero슬롯사이트� Net Worth.

Reports said that슬롯 머신 사이트 추천China had been슬롯 머신 사이트 추천a major market for슬롯 머신 사이트 추천Nokia; however, the US banned Chinese companies, including Huawei, ZTE, and others, which negatively impacted the other operating companies in슬롯 머신 사이트 추천the Chinese market. Following the US ban,슬롯 머신 사이트 추천the Chinese companies reduced their contracts with Nokia and Ericsson. Earlier,슬롯 머신 사이트 추천Nokia's sales in China were around 27% of its total sales, which reduced to 6% in the previous quarter.슬롯 머신 사이트 추천

Nokia layoffs will affect 2,350 employees in total including the ones in Greater슬롯 머신 사이트 추천China and Europe.슬롯 머신 사이트 추천Nokia maintained its offices in Beijing, Shanghai, Hong Kong and Taiwan. The슬롯 머신 사이트 추천company슬롯 머신 사이트 추천still has some major clients in슬롯 머신 사이트 추천China, such as China Mobile. As a part of the cost-cutting measure, the company슬롯 머신 사이트 추천reportedly achieved USD 500 million. Nokia operating profit rose 9% on Thursday due to cost-cutting but its net sales declines, with a 4% fall in shares.슬롯 머신 사이트 추천Meta Fires 24 Employees in Los Angeles Office for Misusing USD 25 Meal Voucher on Toothpaste, Detergent and More.

During슬롯 머신 사이트 추천a call, Nokia CEO슬롯 머신 사이트 추천Pekka Lundmark said that the슬롯 머신 사이트 추천company was not슬롯 머신 사이트 추천cutting jobs슬롯 머신 사이트 추천at the expense of R&D슬롯 머신 사이트 추천output. He슬롯 머신 사이트 추천further슬롯 머신 사이트 추천expressed his happiness that슬롯 머신 사이트 추천the company's cost reduction was progressing well and keeping ahead of schedule.슬롯 머신 사이트 추천

(The above story first appeared on LatestLY on Oct 19, 2024 12:05 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).