Nokia layoff people in NA and hiring in India.
14 replies (most recent on top)
What's the story on the Nanjing China site?
Nokia's Optical equipment sales fell 35% in the recent first quarter, to €344 million ($368 million) and Infinera's first-quarter sales dropped 22%, to $307 million.
Anyone see anything wrong with the Nokia-Infinera acquisition with a combined sales decline of around $200M (=.35368+.22307 this past quarter)?
"Nokia can fight Huawei and Ciena after $2.3B Infinera buy – CEO"
https://www.lightreading.com/optical-networking/nokia-can-fight-huawei-and-ciena-after-2-3b-infinera-buy-ceo
Seriously? In which world? Nokia thinks it can beat Huawei? Trump handed Nokia and Ericsson - Huawei's customers, and all Nokia can do is lose one customer after another. And they want to go after Ciena? And how long have they already gone after Ciena with their own products and failed and failed and failed? It's the Nokia culture that needs to change. Take a really microscopic look in the mirror, maybe Nokia might just see something (with eyes open this time, please).
They could have given each employee $27,000 instead of acquiring Infinera for $2.3B. What a waste of money to gain USA customers since they weren't able to sell their own products to USA customers! And watch those Infinera USA customers run out the door just like Verizon and AT&T. A repeat of History once again. Remember 2016 when Nokia acquired Alcatel-Lucent for ALU USA customers (Vz, ATT, Sprint). Where are those customers now?
This is my opinion only.
Low pay, lots of work, no promotions, no salary increase, and continuous ongoing layoffs year after year. This ship is sinking. Time to jump off.
Why does NI and CNS have SIX levels of management? Many managers have two to five people reporting to them. Why?
One manager should have at least 25 people under them. We are no longer living in the olden days of MICRO managing. There are many tools available to make managing easier. Besides, these days, professionals should be able to manage themselves. The CFO and BG leaders needs to look into this if they really want to save money and make the company more efficient.
are you sweating it out on the weekends to get a zero percentage increase in salary as the CEO and his buddy executives make their millions. At the end of the day, the reason why you are working the weekends is because management doesn't know how to manage the business groups or teams, and they have sc--wed up on the product, and customers are complaining to get it fixed cause it's costing the customer money. And the more money the customer has to spend out of it's pockets means the more trust it has lost in it's supplier to deliver a quality product in a timely manner. Therefore, contracts don't get renewed or a much smaller contract is won compared to before. Once a customers trust is lost it will take a very long time for the customer to come back as it has been with Verizon. I just hope for Nokia's sake it has learned a lesson and a repeat of losing another big customer doesn't come so fast once again.
They need to stop all the needless spending... eg...trips to Brazil for upper management. There is no reason for have staff meetings during cost cutting times.
Nokia planning to get rid of all subcontractors they can. The ones they can't get rid of, will be replaced by subcontractors from India.
NAM would be impacted the most… lost 70% of NAM revenue from the exit of Verizon and AT&T.
Any idea how many and from what organizations? They need to just get on with this so that the remaining team can remove this latest phase of ongoing mental anxiety.
I feel there has been a constant threat of layoffs since day one of NSN... I guess you get battle hardened but it's awful.
More layoffs yesterday in NAM......
It is spiraling down and never recover since 10 years ago. Bad economy makes Nokia worse.. The only solution is to cut cost by laying off employees.
true. cost cutting.