4 ms·

Today they have 86000 employees so the reduction is about 16% of the total work force. It's not nothing but I wonder where and what types of work gets cut firs

Today they have 86000 employees so the reduction is about 16% of the total work force. It's not nothing but I wonder where and what types of work gets cut first. Usually it's not people producing stuff like programmers but roles that companies in times of trouble realize they can be without.

Aherontas 3y ago
I can assure you personally that there are all kinds of sectors impacted (also R&D). This is happening also to get rid of people with large salaries and upgrade cheap sites.
ogjojo 3y ago
That and also refocus efforts on revenue producing products/departementets. I just hope Nokia has learned from their mistakes and don’t cut too much from their R&D.
- expertentipp 3y ago
  > just hope Nokia has learned from their mistakes and don’t cut too much from their R&D. If the executive board will receive bonuses from doing exactly the opposite, they will decide doing the opposite.
- ekianjo 3y ago
  There is R&D and R&D... If your internal R&D is amazingly useless and produces nothing marketable you are better off shrinking it
  - nsteel 3y ago
    There's not much value in yet another reseller of Broadcom chipsets, they need to keep investing in their own product lines. However, I am pretty biased.
thriftwy 3y ago
I had no idea what they are up to these days. I own a button dumb phone by Nokia, it's fine but would not explain even 1% of that employment number. PA says they're making telecom equipment now. Fun thing it also mentions Ericsson, which used to make phones under its brand, then Sony-Ericsson smartphones (not unlike Microsoft-Nokia) and then had to drop it completely.
- tgaj 3y ago
  This button dumb phone is not even produced by Nokia - it only has Nokia logo. Nokia is one of major players on both 5G and PON markets - and that would be more than enough if not the recession.
- fch42 3y ago
  The Nokia of today has little (left) in common with "the Nokia of lore". Just as that had little in common with the company that used to supply the Finnish Army with Rubber boots. The Nokia-of-phones sold itself to Microsoft and was subsequently wound down. While the brand name for phones still exists, it's no longer held by the corporation now called "Nokia". That came to be, if you like to call it that, from a "reverse merger". The telecommunications equipment branch (which makes base stations and wireless connectivity hardware) was partially outsourced and recombined with that of Siemens, and later I think parts of Ericsson, to form "Nokia-Siemens Networks". Which after "old-new" Nokia's demise took (bought ?) the name back and became ... just "Nokia" again. So yes there are "Nokia phones" again/still, but they're no longer made by Nokia. While Nokia-of-today is still doing what they (if under slightly different names) have done for 25y+ - make, install, maintain telecommunications infrastructure.
  - dagw 3y ago
    While the brand name for phones still exists, it's no longer held by the corporation now called "Nokia" The corporation now called "Nokia" still owns the brand name "Nokia" for phones, but is licensing it to HMD Global, a Finnish mobile phone company started by ex-Nokia people, but largely financed by Foxconn.

Aherontas 3y ago

I can assure you personally that there are all kinds of sectors impacted (also R&D). This is happening also to get rid of people with large salaries and upgrade cheap sites.

ogjojo 3y ago

That and also refocus efforts on revenue producing products/departementets. I just hope Nokia has learned from their mistakes and don’t cut too much from their R&D.

expertentipp 3y ago
> just hope Nokia has learned from their mistakes and don’t cut too much from their R&D. If the executive board will receive bonuses from doing exactly the opposite, they will decide doing the opposite.
ekianjo 3y ago
There is R&D and R&D... If your internal R&D is amazingly useless and produces nothing marketable you are better off shrinking it
- nsteel 3y ago
  There's not much value in yet another reseller of Broadcom chipsets, they need to keep investing in their own product lines. However, I am pretty biased.

thriftwy 3y ago

I had no idea what they are up to these days. I own a button dumb phone by Nokia, it's fine but would not explain even 1% of that employment number. PA says they're making telecom equipment now. Fun thing it also mentions Ericsson, which used to make phones under its brand, then Sony-Ericsson smartphones (not unlike Microsoft-Nokia) and then had to drop it completely.

tgaj 3y ago
This button dumb phone is not even produced by Nokia - it only has Nokia logo. Nokia is one of major players on both 5G and PON markets - and that would be more than enough if not the recession.
fch42 3y ago
The Nokia of today has little (left) in common with "the Nokia of lore". Just as that had little in common with the company that used to supply the Finnish Army with Rubber boots. The Nokia-of-phones sold itself to Microsoft and was subsequently wound down. While the brand name for phones still exists, it's no longer held by the corporation now called "Nokia". That came to be, if you like to call it that, from a "reverse merger". The telecommunications equipment branch (which makes base stations and wireless connectivity hardware) was partially outsourced and recombined with that of Siemens, and later I think parts of Ericsson, to form "Nokia-Siemens Networks". Which after "old-new" Nokia's demise took (bought ?) the name back and became ... just "Nokia" again. So yes there are "Nokia phones" again/still, but they're no longer made by Nokia. While Nokia-of-today is still doing what they (if under slightly different names) have done for 25y+ - make, install, maintain telecommunications infrastructure.
- dagw 3y ago
  While the brand name for phones still exists, it's no longer held by the corporation now called "Nokia" The corporation now called "Nokia" still owns the brand name "Nokia" for phones, but is licensing it to HMD Global, a Finnish mobile phone company started by ex-Nokia people, but largely financed by Foxconn.