Between China virus and India lockdown this company is boned. Get out while you can!
Topics regarding layoffs at Nokia Corp.
Layoffs are coming in Research. Corporate is asking for 20%, but that may be reduced. Landing sometime between April and June.
What's the impact and what are your thoughts?
how many months?
After absorbing Siemens, Motorola, and Lucent how can we not have DSS ready already? Certainly its not from lack of resources, skill sets or knowledge... — read more
Since Nokia has no 5G development in China, this virus situation will have no impact on Nokia’s timeline or results, right? They were never planning to get caught, were they?
Nobody knows when layoffs will happen, but the overall number of employees should be public info. Do you know how many people work at the company? How about the office at Espoo?
There was a link going around to report to the US goverment if your job is being moved overseas, does anyone have that available to share.
5G...waiting, 5G...Still waiting, .... What 6G is already here ...
Are there layoffs this week?
https://investorplace.com/2020/01/nokia-has-momentum-early-in-2020-but-is-it-a-buy/ According to Gurufocus.com, Nokia’s current Altman Z-Score is 1.15, which suggests it is in financial distress. By comparison, Nokia’s best Z-score over the past 10... — read more
https://www.dol.gov/general/topic/training/tradeact The Trade Adjustment Assistance (TAA) Program Look into TAA. Get extra months of unemployment, training, and health care insurance savings. https://fas.org/sgp/crs/misc/R44153.pdf if you are... — read more
If you work more then 40 hrs without OT pay in USA, reply Yes.
Nokia Cuts 180 Jobs With More to Come. Nokia will file Chapter 11 in USA soon.
https://www.computable.nl/artikel/nieuws/maatschappij/6863448/250449/opnieuw-ontslagdreiging-bij-nokia-bell-antwerpen.html Use google translate At Nokia Bell in Antwerp, another 104 jobs are being remediated. That is almost exactly a year after... — read more
Nokia is planning to lay off 180 people in Finland as a cost-saving measure. Now I'm worried that means we'll see something similar here soon as well. Does anybody know if that's likely to happen or am I worried over nothing?... — read more
How long they can lie ? https://www.reuters.com/article/us-nokia-software-interview/we-dont-have-a-5g-problem-says-nokias-head-of-software-idUSKBN1XU2BB
Anyone would care to chime in with a prediction about potential Nokia Layoffs 2020? Any news or rumors?
After yesterday earning mail from Rajeev the share price is laughably... — read more
LOL: "We’re also glad that the Finnish company, Nokia — it’s a great company — a global leader in 5G technology, is developing its cutting-edge products right here in the United States at Bell Labs in New Jersey."
Time for white-collar jobs to unionize in USA: https://www.vox.com/recode/2019/9/24/20880727/google-workers-unionized-contractors-hcl-tech-activism
I started in Network Systems Shortly after divestiture in Newark NJ. years later, and after a spin off, a merger, then an acquisition, what is left is that stuff that floats to the top as our management. For you old timers, just Sit back, and wait... — read more
Here is a 2017 severance package: https://www.benefitanswersplus.com/active_m/spd/severance_plan_01012017.pdf
It's been really quiet lately, too quiet for my taste. I prefer knowing something is coming and preparing for any possibility than being caught completely off guard (which has happened several times before.) So if anybody has any info on layoffs... — read more
Nokia distances itself from boss's warning over Huawei 5G kit https://www.bbc.com/news/technology-48790746 Nokia's chief technology officer Marcus Weldon told the BBC that the UK should be wary of using the Chinese hardware. He said Huawei's telecoms... — read more
Trump Administration May Require ALL 5G Equipment To Come From Outside China https://wccftech.com/trump-administration-may-require-all-5g-equipment-to-come-from-outside-china/ — read more
Do you like working for Nokia?
Huawei might be copping the biggest punches when it comes to security sceptics, but no-one is benefitting in this current state of purgatory.
Some Optical locations in USA are NOT hiring experienced laid-off internal Mobil Network employees but young engineers and H1B, why? Only selective few who have connections (with MN mangers who are now mangers in Optical) are being hired and others... — read more
Isn't USA concerned about Nokia and Ericsson 5G Network being made in China and used by USA (ATT, Tmobil, Sprint, Verizon, US Cellular)? What percentage of Nokia/Ericsson 5G Network is being developed in USA versus China (that will be used by USA... — read more
Where and how many?
Nice job Rajeev!
Would you recommend joining Nuage? Currently working for a struggling company in the same tech space, are things better in Nuage? GL reviews seem good aside of lower than average pay and benefits. — read more
You can qualify for some additional US unemployment under a special program since the jobs are considered to have been "offshored." It is detailed and complicated like any government program. If you qualify, apply for "regular" unemployment and the... — read more