Have you heard anything about potential Nokia layoffs? Any chatter, news or rumors?
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I got cut last June from Nokia@usa, its Aug already . Lots of resumes sent out, no call backs... Job market seems dry...
Anyone know how many they plan to layoff on Thursday June 6th (??) in USA?
Probably so ..
Is June 6th (1st Thursday of the month) the next round of cuts in USA?
There will be more bloodletting
Is this nokia solutions and networking?
No news from Nokia Singapore yet.
I got laid off on 4/18. USA 26 years former Lucent.
Any news on the supposed layoffs on the "first THU in April" that was mentioned/predicted a few times in this thread?
Wonder if the CFO of Nokia has looked into those employees making high salaries from California. Many European employees make a lot less then the $220000 paid to California engineers and managers including those who are on work visa. Is the work done in California so different from the work done in EU or India or China?
Nokia restructuring its India operations
Bulk of the job redundancies are believed to be in Nokia India’s sales and operations functions, with several senior managers, including account directors/account managers in the rank of general manager/assistant vice president likely impacted, people aware said.
https://economictimes.indiatimes.com/jobs/c-suite/nokia-rejigs-india-operations-cuts-c-suite-roles/articleshow/107861783.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Another wave of USA layoffs at Nokia first Thr in April.
https://cnnportugal.iol.pt/nokia-portugal/nokia/nokia-portugal-esta-a-avancar-com-despedimento-coletivo-denuncia-sindicato/20240226/65dca4f4d34e8d13c9b82c50
Nokia Portugal is moving forward with collective dismissals, union denounces
The Telecommunications and Audiovisual Communication Workers Union (STT) says that Nokia Portugal is undergoing a collective dismissal covering 142 workers, but so far Lusa has not been able to obtain a response from the company.
"The STT was aware that Nokia Portugal is proceeding with a collective dismissal that covers 142 workers, with the workers involved receiving the intention in writing on February 22nd", indicates the union, in a statement.
"This dismissal, in addition to being unfair, if not stopped, will have drastic consequences in terms of job confidence for a group of excellent professionals who wear the Nokia 'shirt'", continues the STT, which criticizes the "argumentation used by the company", considering that "it is fallacious and mystifying and is based on a 'virtual' reality that the speeches of those responsible for the company worldwide in terms of leadership, business opportunities and R&D contradict and deconstruct".
The union says that it has "doubts about the legality of this process and questions the reasoning used", also referring that "selection criteria based on the highest salary, in a company with healthy accounts, can be considered a discriminatory criterion and at least the cross the border of unconstitutionality".
In this sense, the STT "will ask for solidarity from the CGTP and the Unions of the Unitarian Union Movement, hearings from the Ministry of Labor and parliamentary groups and will denounce this 'attack' publicly through the forms of struggle that the workers understand as the more appropriate".
https://www.channelnews.fr/nokia-supprime-14-de-ses-effectifs-en-france-133237
Nokia cuts 14% of its workforce in France
New blow for the Nokia teams in France. As part of the restructuring plan undertaken at group level, Nokia announced on Tuesday the elimination of 357 positions in France. This represents nearly 14% of the subsidiary's workforce, which has around 2,600 employees.
Announced during the Social and Economic Committee (CSE), the cuts will affect a third of the research and development teams and the remaining two thirds of the support functions. The Massy site in the Paris region is the main one affected. The Lannion site (Côtes d'Armor), which has nearly 500 employees, is spared. The plan will take the form of a collective contractual termination (RCC), that is to say by calling on the volunteers of employees.
Last October, Nokia announced plans to cut up to 14,000 jobs worldwide, citing a slowdown in the rollout of 5G and after a fall in third-quarter profits. After issuing a profit warning at the end of December, Nokia published in January a turnover down 23% year-on-year for its fourth fiscal quarter and down 11% for the entire 2023 financial year.
In France, this is the sixth wave of layoffs in eight years after those of 2016, 2017, 2019, 2020 and 2023.
@Eyhs+1qkz1vuT There’s no such thing as lucky to be laid off… Not to mention in current job market… It’s terrible to land a new job.. it would take months before you got one.
Next layoff is first THR in April for USA.
People in MH were affected this past Thursday (Feb 8, 2024).
some people were let go today in dallas.
Consider yourself lucky if you get laid-off from Nokia (in USA). Your next job will pay you at least $40,000 more then what Nokia pays. Good Luck!
Tomorrow is first Thursday. Expect some trim and tuck layoffs below WARN minimum.
I doubt Nokia wants to be broken up. It's like Finland handing some land over to Russia.
Analysts predict a potential break-up of Nokia or purchase of its Mobile Network.
Laying off 14000 employees so the CEO and CFO can keep their jobs as they keep shareholders happy with €300M/year ('24&'25) share buybacks and €0.13 per share dividends while each of the four business groups continues to have declining sales YoY. And on top of all that, the Mobile Networks employees won't see much of a salary increase (maybe if they are lucky ~1%) after all the hard work they've put in during weekends and evenings to make deadlines for deliveries for customers who have continuously found Nokia's top management arrogant causing top revenue earning customers to remove greater then 90% of Nokia's wireless network from their product. Yet, not one top management in corporate or business group has taken accountability for their decisions which has caused huge loses in revenues. They continuously post pages upon pages on internal social networking site to see how many praises they get from employees, by calling it "being transparent", but in the end when they make decisions that causes 14000 employees to lose their jobs, they do not want to take accountability and instead say that telecommunications business is cyclical (having it's up and down years), yet looking at the chart of the number of cell phones sold throughout the past 10 years, it has grown every year. Those cell phones need to connect to a network and the network is what Nokia sells. But I guess due to an "arrogant" management, those cell phones are now being connected to an Ericsson, Samsung, Huawei, ZTE, etc. network.
"Ericsson eyes more cuts after slashing 9,000 jobs as outlook dims
Telcos will eventually have to spend on network upgrades, is Ericsson's broad message, but the current slump is hurting its business."
E - I think has a hiring freeze.
Would E hire any of them ?
heard about 300 will be let go in MN.
More like 6 to 12 months.
2024 is not a good time to be laid off. Job Market is terrible.
Prepare to get new job after 3 to 6 months of job hunting!
What about those 14.000??
silence before the storm
Nothing so far.